# ECB’s Lagarde: rate cut not on the agenda
Published: 2023-09-15
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: ECB President Lagarde: Rate Cut Not on Agenda
Meta Description: ECB President Christine Lagarde confirms no interest rate cut planned, pushing back on market bets for rate reversal in 2024.
URL: https://internationalreleases.com/ecbs-lagarde-rate-cut-not-on-the-agenda/

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SANTIAGO DE COMPOSTELLA (Reuters) – An interest rate cut is not on the European Central Bank’s agenda, ECB President Christine Lagarde said on Friday, pushing back on some market bets that a reversal of rate hikes could start in the first half of 2024.

“We have not decided, discussed or even pronounced cuts,” Lagarde told a news conference on Friday. “Duration is duration.”

(Reporting by Jan Strupczewski; writing by Balazs Koranyi; Editing by Toby Chopra)


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