Following the recent decision by the European Central Bank (ECB) to cut interest rates for the fourth time this year, ECB President Christine Lagarde has emphasized that further rate cuts are on the horizon. This move comes as the ECB aims to support economic growth and combat disinflation in the eurozone.
Lagarde stated that if incoming data align with the ECB's projections, the central bank will continue to lower interest rates. Inflation in the eurozone saw a slight increase to 2.3% last month, up from 2% in October. Despite this uptick, the ECB remains focused on achieving its 2% inflation target.
