Lagarde speech: Options were debated, no one argued for 50 bps cut
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the April policy meeting and responds to questions from the press.
Key quotes
"The decision was unanimous."
"Options were debated, no one argued for a 50 bps cut."
"Tariffs are a negative demand shock."
"Net impact of tariffs on inflation only clearer over time."
"There are diverging views on short- and long-term impact, developments."
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.25% | -0.04% | 0.28% | 0.15% | -0.13% | -0.36% | 0.57% | |
| EUR | -0.25% | -0.33% | 0.02% | -0.13% | -0.39% | -0.65% | 0.28% | |
| GBP | 0.04% | 0.33% | 0.36% | 0.20% | -0.06% | -0.30% | 0.63% | |
| JPY | -0.28% | -0.02% | -0.36% | -0.15% | -0.43% | -0.75% | 0.27% | |
| CAD | -0.15% | 0.13% | -0.20% | 0.15% | -0.25% | -0.51% | 0.43% | |
| AUD | 0.13% | 0.39% | 0.06% | 0.43% | 0.25% | -0.25% | 0.68% | |
| NZD | 0.36% | 0.65% | 0.30% | 0.75% | 0.51% | 0.25% | 0.94% | |
| CHF | -0.57% | -0.28% | -0.63% | -0.27% | -0.43% | -0.68% | -0.94% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
