Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
ECB Delivers Landmark Rate Cut With No Signals on Next Steps
Posted
June 6, 2024
Views
2,035
Likes
54
Engagement
2.65%
June 6, 2024
2,035
54
2.65%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
1:01Now PlayingThe European Central Bank delivered the interest-rate reduction it’s been flagging for months — moving away from a record high — but stopped short of indicating more may follow.
Officials led by President Christine Lagarde lowered the key deposit rate by a quarter-point to 3.75% on Thursday, as expected. Having held it at 4% for nine months, they said the inflation outlook has improved “markedly,” though they’ll “keep policy rates sufficiently restrictive for as long as necessary” after also raising projections for prices.
“Are we today moving into a dialing-back phase? I wouldn’t volunteer that,” Lagarde told reporters in Frankfurt. “There’s a strong likelihood but it will be data dependent, and what is very uncertain is the speed at which we travel and the time that it will take.”
--------
Subscribe to our YouTube channel
Subscribe to Bloomberg Originals
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
