The ECB Podcast
President Lagarde presents the latest monetary policy decisions – 7 March 2024
Mar 7, 2024
President Lagarde discusses the ECB's decision to maintain interest rates, aiming for future growth and 2% inflation. They cover economic performance, price expectations, risks, and financial conditions. Analysis includes economic activity, inflation, employment trends, risks, and interest rate decisions.
12:37
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Quick takeaways
- Maintaining key interest rates due to declining inflation and revised growth projections.
- Policy recommendations include rolling back energy-related support measures and strengthening global policies for productivity.
Deep dives
ECB Interest Rates and Inflation Projections
The governing council of the ECB decided to maintain the key interest rates, citing a decline in inflation and revised projections. Projections show inflation averaging 2.3% in 2024, with a downward trend expected. Despite high domestic price pressures, economic growth projections have been revised down for 2024, with a gradual recovery anticipated in the following years.
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