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Simultaneously, the risks to GDP growth on the downside have risen, and increased trade disruptions have intensified uncertainty regarding the inflation forecast, she highlighted.
Lagarde stated, "Given the present geopolitical climate, it is increasingly crucial for fiscal and structural policies to improve the productivity, competitiveness, and resilience of the euro area economy."
Manufacturing within the currency area has indicated signs of stabilization, yet market responses to trade conflicts might exert pressure on demand, she noted.
The effect of fresh U.S. tariffs on inflation in the Eurozone remains uncertain and will only gradually be understood, yet complete clarity is unlikely even by the ECB's meeting in June, stated the regulator's leader.
On Thursday, the ECB predictably reduced all three main interest rates by 25 basis points. Lagarde stated that the decision was made unanimously and that a reduction of 50 basis points was not on the agenda. Simultaneously, a few weeks back, some members of the Board of Governors proposed a halt in the rate cuts, she added.
source: reuters.com
Lagarde stated, "Given the present geopolitical climate, it is increasingly crucial for fiscal and structural policies to improve the productivity, competitiveness, and resilience of the euro area economy."
Manufacturing within the currency area has indicated signs of stabilization, yet market responses to trade conflicts might exert pressure on demand, she noted.
The effect of fresh U.S. tariffs on inflation in the Eurozone remains uncertain and will only gradually be understood, yet complete clarity is unlikely even by the ECB's meeting in June, stated the regulator's leader.
On Thursday, the ECB predictably reduced all three main interest rates by 25 basis points. Lagarde stated that the decision was made unanimously and that a reduction of 50 basis points was not on the agenda. Simultaneously, a few weeks back, some members of the Board of Governors proposed a halt in the rate cuts, she added.
source: reuters.com
