ECB: Further Rate Cuts Await

Last week, the European Central Bank (ECB) lowered its interest rates by 25 points (0.25 percentage units).

More rate cuts are expected – if inflation continues to decline, according to ECB President Christine Lagarde.

We expect interest rates to be lowered further, she says in connection with a speech in Vilnius, the capital of Lithuania.

According to Lagarde, "the worst time" is over when it comes to inflation.

If incoming data continues to confirm our line, the direction is clear, she continues.