Unanimous Decision on Rate Cut

European Central Bank (ECB) President Christine Lagarde announced on Thursday that the Governing Council's decision to reduce interest rates by 25 basis points was unanimous. This move comes after weeks of deliberation among members, who considered both pausing the cuts and implementing a more aggressive 50-point reduction.

Future Implications and ECB's Stance

Lagarde avoided detailing the potential impact of tariffs on inflation, highlighting that "many decisions and implementations" are pending. She emphasized the ECB's commitment to being data-dependent and utilizing all necessary tools to achieve price stability, stating the institution is "more than ever" focused on this goal.