Monetary policy statment
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB
Published on the 12th of September 2024
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB
Published on the 12th of September 2024
Good afternoon, the Vice-President and I welcome you to our press conference.
The Governing Council today decided to lower the deposit facility rate – the rate through which we steer the monetary policy stance – by 25 basis points. Based on our updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction.
Updated on the 12th of September 2024