The ECB has lowered rates by 25 basis points to 2.75 percent, and Christine Lagarde hinted at a possible further reduction if inflation continues to decrease. She expressed confidence that inflation will return to the target level of 2 percent by 2025. Lagarde rejected the use of Bitcoin as a reserve asset, stating that the cryptocurrency does not meet liquidity and security requirements. The eurozone economy faces risks of slowdown amid weak growth and geopolitical instability.
1/31/2025 11:14:49 AM (GMT+1)
The European Central Bank lowered rates by 25 basis points to 2.75 percent, Lagarde hinted at further cuts in case of falling inflation and rejected Bitcoin as a reserve asset 📉
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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