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Lagarde: "indicators point towards a sustained return to our two-percent inflation target” (Photo: World Economic Forum)

ECB lowers rate to 2.5% — amid market turbulence

The European Central Bank (ECB) has lowered its main interest rate to 2.5 percent amid market turbulence.

“Most indicators of underlying inflation are pointing towards a sustained return to our two-percent inflation target,” ECB president Christine Lagarde told press on Thursday (6 March). 

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Lagarde: "indicators point towards a sustained return to our two-percent inflation target” (Photo: World Economic Forum)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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