European Central Bank (ECB) President Christine Lagarde confirmed on Thursday that the decision to cut interest rates by 25 basis points was unanimous and that no members of the Governing Council suggested a 50-point cut, although members debated both pausing cuts and delivering a 50-point cut over recent weeks.
Lagarde did not outline the effect of tariffs on inflation, stating that "many decisions and implementations" are still to come and predicting that the net impact will become clearer over time. She insisted the ECB must be data-dependent "more than ever," adding that the central bank is determined to use all appropriate instruments to reach price stability.
