European Central Bank President Christine Lagarde comments on monetary policy, the outlook for the euro-area economy, inflation and trade concerns. She speaks at a news conference in Frankfurt after the Governing Council decided to lower interest rates for the eighth time in a year, cutting the deposit rate by a quarter-point to 2%. This is the opening statement of her press conference.
00:00 Explains ECB decision to lower interest rates by 25 bps to 2%
01:55 Economy more resilient to trade tensions, other shocks
05:08 Weaker euro-zone economic prospects in the near term
06:44 Defense, infrastructure investment should bolster growth
08:02 Inflation to stabilize sustainably at 2% target
10:24 Risks to economic growth "titled to the downside"
11:36 Inflation outlook "more uncertain" due to trade risks
13:25 Rate cuts have made corporate borrowing less expensive
14:59 Conclusion: inflation target, ECB to remain data-dependent
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
