Summary
The European Central Bank cut its key rate by 25bp — the first cut since 2019 — after Eurozone inflation fell to 2.4%. President Lagarde was careful to avoid commitment to further cuts, describing it as a 'recalibration' rather than the beginning of a sustained easing cycle.
The ECB's decision, Lagarde's messaging, and what a June cut implies for the rest of the year.
Analysis of the ECB moving before the Fed and what that signals about relative economic conditions.
Liberation Day tariffs ignite stagflation trap
US–China Strategic Competition
Ukraine war triggers energy supply shock
Russia–Ukraine War
Middle East escalation raises energy risk
Israel–Gaza–Iran War
Rate hike pain drives far-right electoral surge
Western Democratic Fragility