European Central Bank expected to press on with rate cuts

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FRANKFURT - Despite US President Donald Trump's sabre-rattling, the European Central Bank is set to press on with interest rate cuts on Thursday as officials increasingly voice confidence that the fight against inflation is on track.

Recent upticks in inflation — such as a jump to 2.4% in December, above the ECB’s two-percent target — have caused some jitters.

Lagarde is not expected to offer too many clues about the ECB’s next moves as she stays true to the central bank’s recent stance of making decisions based on the latest data.

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Category: EconomyBusiness

Markets: ThailandFranceGermanyUnited States

Topics: Central European Rate Thursday Bank Inflation Schmidt Target Trump Officials

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 11:45:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 25619591

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