Lagarde Says ECB Will Continue To Cut Interest Rates

European Central Bank President Christine Lagarde said eurozone growth 'is likely to take a hit' if the United States goes into protectionism mode (Credit: AFP)

European Central Bank chief Christine Lagarde said Monday eurozone policymakers would keep cutting interest rates and warned that higher US tariffs under President-elect Donald Trump could hit growth in the bloc.

"Even though we are not there yet, we are close to achieving our target" of two-percent inflation, Lagarde said in a speech at the Bank of Lithuania.