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ECB’s Lagarde: rate cut not on the agenda

Published by Uma Rajagopal

Posted on September 15, 2023

1 min read

· Last updated: January 31, 2026

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ECB President Christine Lagarde emphasizes no rate cuts planned - Global Banking & Finance Review
Christine Lagarde, ECB President, asserts that interest rate cuts are not under consideration during a press conference, highlighting the ECB's firm monetary policy outlook. This image captures her addressing the media regarding market speculations on future rate changes.
financial markets monetary policy European Central Bank
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ECB’s Lagarde: rate cut not on the agenda SANTIAGO DE COMPOSTELLA (Reuters) – An interest rate cut is not on the European Central Bank’s agenda, ECB President Christine Lagarde said on Friday, pushing back on some market bets that a reversal of rate hikes could start in the first half of 2024. “We have not […]

ECB’s Lagarde: rate cut not on the agenda

SANTIAGO DE COMPOSTELLA (Reuters) – An interest rate cut is not on the European Central Bank’s agenda, ECB President Christine Lagarde said on Friday, pushing back on some market bets that a reversal of rate hikes could start in the first half of 2024.

“We have not decided, discussed or even pronounced cuts,” Lagarde told a news conference on Friday. “Duration is duration.”

(Reporting by Jan Strupczewski; writing by Balazs Koranyi; Editing by Toby Chopra)

Frequently Asked Questions

What is monetary policy?
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.
What is the European Central Bank?
The European Central Bank (ECB) is the central bank for the euro and is responsible for monetary policy within the Eurozone, aiming to maintain price stability and oversee the financial system.
What are interest rates?
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage of the principal amount. They are influenced by central bank policies and economic conditions.
What is an interest rate cut?
An interest rate cut is a reduction in the interest rate set by a central bank, aimed at stimulating economic activity by making borrowing cheaper and encouraging spending and investment.
What is the role of a central bank?
A central bank manages a country's currency, money supply, and interest rates, aiming to ensure economic stability and growth, and to implement monetary policy.

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