ECB Cuts Rates, Christine Lagarde Holds Press Conference
The European Central Bank lowered interest rates for the second time this year with inflation receding toward 2% and concerns about the economy building. The key deposit rate was cut by 25 basis points to 3.5% — as all analysts polled by Bloomberg predicted. This is the full statement and press conference from ECB President Christine Lagarde in Frankfurt.
00:00 welcome
2:00 Lagarde opening statement
2:15 ECB cuts rates
12:40 risks to economic growth
17:20 Q&A begins
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