The European Central Bank will need to be cautious when deciding on further interest rate reductions and take its cue from incoming data, ECB President Christine Lagarde said on Wednesday. Traders hav

ECB's Christine Lagarde emphasised a cautious, data-driven approach to further rate cuts. She highlighted the need to address productivity gaps, energy costs, and digitalisation, calling for immediate action.

WASHINGTON (Reuters) - Euro zone inflation is on the way down and could fall back to 2% more quickly than once thought, European Central Bank President Christine Lagarde said on Tuesday. "I'm absolutely confident that we will reach that target sustainably in the course of 2025," Lagarde told a Bloomberg Newsmaker event.

Top officials at the European Central Bank said they may accelerate the pace of rate cuts in coming meetings as the outlook for the eurozone economy darkens.

The direction of European Central Bank borrowing costs is clear but the pace at which they’ll be lowered is still to be decided, according to President Christine Lagarde, who didn’t rule out bigger moves.

European Central Bank President Christine Lagarde said, “the direction of travel is clear,” on interest rate cuts by the central bank, as she declined to speculate on what it would take for the central bank to deliver a 50-basis-point cut.