Euro Gains as Lagarde Says ECB Near End of Policy Cycle

Economic Scenarios

Near End of Cutting Cycle

Lagarde Determined to Complete ECB Term

Lagarde Says Risks to Growth Tilted to Downside

Wage Growth Optimism

Domestic Price Pressures

2026 Inflation Surprise

Data-Dependent Rate Outlook

Inflation Forecasts

Decision Preview

Key Events

ImageLede

Editor

Daybreak Editor

Bloomberg subscribers can save articles and view them from any device.

Upgrade to an unlimited subscription to save articles and view them from anywhere.

Bloomberg subscribers can send up to {count} articles a month to anyone to read for free, including non-subscribers.

Upgrade your subscription to send up to {count} articles a month to anyone to read for free, including non-subscribers.

Copy article link

Hello,<p>A Bloomberg.com subscriber thought you might want to read this story. To read it, all you need to do is click on the link – no subscription necessary. (Please note the link will only be valid for {days} days.)

Email article link

Please try again. If the problem persists, please contact customer support.

Something went wrong

We've doubled your gift articles this month. Share up to {count} articles with friends, family or colleagues.

As a subscriber, you can gift up to {count} articles this month. The recipient can read the full article for free – no subscription necessary.

As a subscriber, you can gift up to {count} articles each month. The recipient can read the full article for free – no subscription necessary.