ECB Decision: Lagarde Statement on Rate Cut, Inflation, Trade Risks, Economy

ECB Decision: Lagarde Statement on Rate Cut, Inflation, Trade Risks, Economy

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For your information, you can find below the description of the video ECB Decision: Lagarde Statement on Rate Cut, Inflation, Trade Risks, Economy published by the Youtube channel Bloomberg Television:

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
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