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Euronews
Euronews
Piero Cingari

ECB's Lagarde: Trade tariffs are a negative shock for the eurozone

ECB Christine Lagarde European Union Euro eurozone Inflation

President of the European Central Bank Christine Lagarde said on Thursday that the bank's interest rate cut reflected growing confidence in the disinflation process towards the 2% target, alongside rising risks to economic growth from escalating trade tensions and tariffs.

The ECB lowered its key deposit facility rate by 25 basis points to 2.25%, with Lagarde confirming that the decision was unanimously supported by the Governing Council.

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