European Central Bank continues easing with 25bp cut
Revised forecast points to stunted growth, as Lagarde says bank is operating in “high uncertainty”
The European Central Bank cut rates by 25 basis points today (March 6).
In a statement following the announcement, ECB president Christine Lagarde lamented the extraordinary levels of uncertainty surrounding the eurozone. She said the bank’s monetary policy was becoming “meaningfully less restrictive” after nine months in which it had eased rates by a total of 150bp over six decisions.
The change in wording – from monetary policy “remaining restrictive” to it being “meaningfully less restrictive”
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