Interest rate of the European Central Bank, March 2025

The European Central Bank has reduced interest rates to 25 main points on Thursday and said the decision to say that the money policy will be “more limited to meaning.”

Cutting brings the proportion of the ECB deposit object, 2.5% – in the beginning of ads, the markets are a wide valuable action.

ECB President Christine Lagarde said he was “as a result of a major discussion” with a member of the governor of this Central Bank governor.

“Monetary policy is limited in a meaningful way, because the interest rate reduction is borrowing for firms and households and credit growth,” the Central Bank said in a statement on Thursday.

The Change from the January’s comments from the ECB – the Central Bank is still described as a “restrictive” of monetary policy – Sahin Shift.

“Politicians, Capital Economy” Jack Allen-Reynolds, “Capital Economy” Jack Allen-Reynolds is more cautious.

Morgan Stanley economists, meanwhile, a break was said to be on the cards, but more rates should be reduced, he said.

“Communication … We look forward to cutting more rates in April and June. At the same time, at the same time, at the same time, it determines the stage for a break we thought it will be in July,” he said.

In 2:53, London increased by 0.34% against the euro and the dollar. The government bonds of the Eurozone, at this time, was already high and high Global Bond Sale. German 10 years of bond The productivity continued the upper trajectory after the ECB decision and the last end of the nine centuries ended.

Over the past nine months, the decline in the central bank is as large as the performance of the tariffs in the region, and the tariffs that are imported to the EU.

The Eurozone heading inflation remains under the sign of 3% despite the collection in the last few months of 2024.

The data published this week has shown this inflation In February in February, 2.4%, but slightly higher than expected in the region. The so-called core inflation – the costs of food, energy, alcohol and tobacco, as well as sex inflation is also immersed after proving glue in a few months.

ECB reiterated the disinfration process on Thursday that he was “on the road”, but he said he was “high” in domestic inflation.

“Most of the main inflation measures show that the 2% medium-term target of the inflation management council will be resolved in a sustainable way,” he said.

The gross domestic product that is seasonally adjustable in the euro region, then 0.1% in the fourth quarter, the last reading of the Statistics Agency Eurostat showed.

ECB staff on Thursday’s forecasts referred to the “Sustainable Problems” to the region’s economic growth. In 2025, the increase in 0.9% in 2025, a 1.2% increase in 2026 and 2027.

Previous Predictions received a pen 1.1% this year.

“The above adjustments for 2025 and 2026 are due to the uncertainty of high-trade policy and the uncertainty of politics, as well as more widespread policy.

The tariffs for goods imported from Europe have not yet been announced yet by Trump. The rate of any tasks is not clear at the moment and the choice for negotiations may still be at the table.

Lagarde on Thursday, risks of growth risks, stating trade tensions, said that the risks of growth were reduced.

“Increasing trade voltty will reduce the growth of the euro region by hydration, hydrating and weakening the global economy,” he said.

“Sustainability of global trade policy can decline. Geopolitical tensions are also a source of uncertainty as Russia’s baseless war against Ukraine and the tragic conflict in the Middle East.”

European countries also want to increase their defense and security my budget As relations between the United States and Ukraine pickle. The increase in defense spending can affect the main economic markers such as inflation and growth.

ECB’s Lagarde appealed to both Reack Plan of the European Union and suggestions for a Financial turn in GermanyWhen they are “in the progress” and more information is obtained, they said that the plans will contribute to growth and influence inflation.

“But something around the board of the Management Assembly became clear that in both accounts will support European growth and give impetus to the European economy,” he said.

Looking upon the upcoming Lagarde, the Central Bank’s next meeting in April was rejected due to continued. In response to a question from CNBC’s Annette Weisbach, Lagarde said that the ongoing uncertainty, the management parliament is more important to depend on information.

“If the information is (our) indicates us to cut the appropriate monetary policy to perform the destination, which indicates that this does not necessarily, and this is to meet the information so far and meet.”

– CNBC’s Chloe Taylor contributed to this report.