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The ECB Podcast
President Lagarde presents the latest monetary policy decisions – 6 June 2024
Jun 6, 2024
President Christine Lagarde discusses recent ECB monetary policy decisions, including interest rate adjustments, inflation projections, and economic growth expectations. The Governing Council's commitment to a data-centered strategy and flexibility in reaching inflation goals are highlighted.
15:17
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Quick takeaways
- ECB lowered interest rates to ease monetary policy restrictions after analyzing inflation dynamics.
- Euro area economy shows growth but faces downside risks due to geopolitical tensions and trade impacts.
Deep dives
Monetary Policy Decisions
Following the latest assessment of the inflation outlook and underlying inflation dynamics, the governing council decided to lower the three key ECB interest rates by 25 basis points to moderate monetary policy restriction after a period of steady rates. Inflation has seen a significant decrease, with improvements in the inflation outlook and underlying inflation easing. Projections suggest average headline inflation at 2.5% in 2024, showing a commitment to achieving the 2% medium-term target.
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