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Watch: ECB President Christine Lagarde speaks after rate decision
- SUMMARY
Christine Lagarde, President of the European Central Bank (ECB), is about to host a press conference following the bank’s decision not to change interest rates.
The ECB has also lowered its growth forecast for 2024 to 0.6%, down from 0.8%.
They now expect inflation to be 2.3%, a decrease from their previous forecast of 2.7%.
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“ECB staff projections now see economic growth of 0.6% in 2024, from a prior forecast of 0.8%.”
“Their inflation forecast for the year was brought to 2.3% from 2.7%.”