ECB holds rates again, cuts inflation projections

Lagarde hints that any cut is likelier in June than April, says bank is watching wage data

Christine Lagarde
Christine Lagarde, ECB president
Photo: IMF/Cliff Owen

The European Central Bank (ECB) governing council held its policy rates again today (March 7), and revised downwards its inflation projections for the coming year. 

The bank’s president, Christine Lagarde, hinted that any decision to cut rates was likely to come at the council’s June meeting, rather than in April. She stressed there would be far more economic data, especially on wages and profits, at the later meeting. 

RelatedSupply shocks driving eurozone inflation, ECB study finds 

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