European Central Bank President Christine Lagarde said Bulgaria is “well advanced” in the process of meeting the criteria for joining the euro.

European Central Bank President Christine Lagarde predicted that no European Union country will choose to add Bitcoin to its monetary reserves.

was speaking today after interest rates were cut by a further 25 basis points Business Post subscribers can read:

European Central Bank (ECB) President Christine Lagarde reacts as she addresses the media, following the Governing Council's monetary policy meeting at the ECB headquarters, in Frankfurt, Germany, January 30, 2025. REUTERS/Kai Pfaffenbach

The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a course amid political turmoil in leading economies France and Germany.

The European Central Bank cut interest rates on Thursday and policymakers guided for a further reduction in March as concerns over lacklustre economic growth supersede worries about persistent inflation.

"If trade tensions don't escalate, exports should support recovery as global demand rises."

The European Central Bank cut interest rates as expected on Thursday and kept more easing on the table, sticking to its view that inflation in the euro zone is increasingly under control despite concerns about global trade.

European Central Bank president Christine Lagarde said it’s improbable that any EU country will choose to add bitcoin to its monetary reserves.

European Central Bank President Christine Lagarde comments on the outlook for the euro-area economy, saying that the risks to growth remain "tilted to the downside." She made the comments at a news conference in Frankfurt after the ECB lowered interest rates for the fifth time since June,

"We are confident that inflation will hit target in 2025." "Services and in particular domestic inflation are still resisting, have gone up a little bit." "All indicators for wages are heading downward, confirming our confidence."