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Christine Lagarde, president of the European Central Bank (ECB), announcing a further 25 basis point interest rate cut to 2.5% at a ECB news conference in Frankfurt, Germany March 6, 2025. As inflation continues to moderate, the cut comes as she said "we will need to be agile". She said the ECB would not be committing to any particular rate path as potential crosswinds of phenomenal uncertainty including potential tariff retaliation and increased defence spending, might spell an inflation increase.

