The ECB lowers its rates by 0.25%: follow Christine Lagarde’s press conference live – 10/17/2024 at 2:15 p.m.

The European Central Bank has decided to further reduce its key rates. The ECB’s deposit rate, which serves as a reference for credit conditions in the economy, has therefore once again been lowered by 25 basis points, dropping to 3.25%. The 26 members of the ECB Governing Council met in Ljubljana, the capital of Slovenia, for this remote annual meeting.

This drop confirms a turnaround while just a month ago the guardians of the euro remained cautious, giving the feeling of wanting to wait for their December meeting, the last scheduled for this year, to act. But inflation continued to slow in September, falling to 1.8%, below the 2% threshold for the first time in more than three years. The slowdown is especially seen in the large economies, in Germany (1.6%), France (1.2%) and Italy (0.7%).

In her press conference, Christine Lagarde will give more elements to justify the choice of the ECB and its vision of the economic conditions of the euro zone.

LG, with AFP