Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, April 11, 2024.
The European Central Bank is widely expected to announce a reduction in interest rates at its meeting in Frankfurt on Thursday, despite lingering inflationary pressures in the 20-nation euro zone.
The central bank's key rate has been at a record 4% since September 2023.
A cut would be the ECB's first since September 2019, when the deposit facility was in negative territory.
Canada on Wednesday became the first G7 nation to cut interest rates in the current cycle, while Sweden and Switzerland's central banks already announced their own rate reductions this year.
Persons:
Christine Lagarde, Lagarde
Organizations:
European Central Bank, ECB, Reuters, U.S . Federal Reserve, Wednesday
Locations:
Frankfurt, Germany, Canada, Sweden