Central Banks
ECB Rate-Cutting Plans Survive First Contact With Trump’s Return
- Officials are confident that inflation will hit target in 2025
- Further rate reductions are probable in the coming months
Christine Lagarde
Photographer: Liesa Johannssen/BloombergThis article is for subscribers only.
Plans by the European Central Bank to push ahead with interest-rate cuts are withstanding the early jolts in US economic policy driven by Donald Trump’s return to the White House.
Speaking during the World Economic Forum in Davos, Switzerland, officials including President Christine Lagarde said euro-zone inflation remains primed to hit 2% this year, allowing them to further loosen the shackles on the faltering economy.