ECB governors agree it was premature to discuss rate cuts: Lagarde

$President of the European Central Bank (ECB) Christine Lagarde leaves after addressing a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on January 25, 2024. The European Central Bank left its key interest rates unchanged again and said they would stay \"at sufficiently restrictive levels for as long as necessary\" to return inflation to target. (Photo by Kirill KUDRYAVTSEV / AFP) , Agence France-Presse (AFP)/AFP$

President of the European Central Bank (ECB) Christine Lagarde leaves after addressing a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on January 25, 2024. The European Central Bank left its key interest rates unchanged again and said they would stay "at sufficiently restrictive levels for as long as necessary" to return inflation to target. (Photo by Kirill KUDRYAVTSEV / AFP)
Agence France-Presse (AFP)/AFP

There was "consensus" at Thursday's meeting that it was "premature to discuss rate cuts," she said

Staff Writer, Agence France-Presse (AFP)

January 25, 2024

PHOTO
President of the European Central Bank (ECB) Christine Lagarde leaves after addressing a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on January 25, 2024. The European Central Bank left its key interest rates unchanged again and said they would stay "at sufficiently restrictive levels for as long as necessary" to return inflation to target. (Photo by Kirill KUDRYAVTSEV / AFP)

Governors of the European Central Bank were all in agreement that it was too early to discuss bringing down interest rates, said ECB chief Christine Lagarde Thursday.

There was "consensus" at Thursday's meeting that it was "premature to discuss rate cuts," she said.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO