Christine Lagarde, president of the European Central Bank (ECB), left, and Wolfgang Proissl, director of general communications at the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Sept. 12, 2024.
The European Central Bank is widely expected to announce its third interest rate cut of the year at its Thursday meeting, after policymakers flagged reduced inflation risks and a weakening growth outlook.
Headline price rises in the euro area eased to 1.8% in September, coming in below the central bank's 2% target for the first time in three years.
A cut on Thursday would see the ECB reducing rates at consecutive meetings for the first time in 13 years.
Expectations for a faster pace of monetary easing have built since the ECB's Sept. 12 meeting, when market pricing suggested just one more rate cut this year, rather than the two priced in as of Thursday morning.
Persons:
Christine Lagarde, Wolfgang Proissl
Organizations:
European Central Bank, ECB
Locations:
Frankfurt, Germany