European Central Bank President Christine Lagarde comments on monetary policy, the outlook for euro-area economic growth in light of US President Donald Trump’s tariff announcements, inflation and geopolitical uncertainties. She speaks at a news conference in Frankfurt after the Governing Council decided to lower interest rates for the seventh time since June, cutting the deposit rate by a quarter-point to 2.25%. This is the opening statement of Lagarde’s press conference. 00:00 – ECB interest rate decision to cut deposit rate to 2.25% 01:19 – Trade war, uncertainty impact on household, firms confidence 02:00 – Logic behind next interest rate decisions 02:46 – Economic outlook ‘clouded’ by uncertainty, exports face new trade barriers 04:22 – Urgency for a more productive, resilient, competitive euro-area economy 05:40 – Euro-area inflation situation recap 07:41 – Trade, tariffs: Increased risks to economic growth, pressure on inflation 09:55 – Financial and monetary conditions of euro-area in first quarter 12:25 – ECB Governing Council’s decision to lower rates based on inflation outlook, monetary policy transmission ——– More on Bloomberg Television and Markets
