After seven consecutive 25bp rate cuts and a total of eight and 200bp rate cuts since September 2023, the European Central Bank kept its policy interest rates on hold at today’s meeting. At the press conference, ECB president Christine Lagarde kept all options open but it looks as if the bar for more rate cuts is gradually increasing No changes to the ECB's macro assessment The ECB’s macro-economic assessment has not changed since the last meeting. The ECB still sees a resilient eurozone economy, though risks to the growth outlook remain tilted to the downside. Lagarde made explicit what these downside risks were: a ... (full story)