(Finance) – There is no path predetermined And it would be premature to discuss what the arrival point of the rates cuts from the European Central Bank. This was stated by the president of the ECB, Christine Lagardeduring the press conference at the end of the Board of Directors which decided for a cut of 25 points basis for 2.75%. “We are still in territory restrictive And today it would be premature to discuss the point we will have to stop, “said Lagarde.
The president of the ECB recalled that with the latter reduction “we cut the rates of 125 basis points compared to the peak. Today’s meeting was not discussed whether this decision was appropriate or not: it was unanimous. “Lagarde also added that, unlike what happened in the previous meeting, this time the possibility of a more substantial cut of the rates was not advanced from none of the members of the Council.
Instead, answering a question asked if he was at ease with the decision of the Fed To stop the cut of the rates, Lagarde replied: “We are at ease with something that is to reach ours objectivewe are guided by the mission: we want that 2% sustainable medium term and we will do all this is necessary to achieve that goal “, reiterating that the decisions will be a meeting after meeting and will be led by data. “For those who would like to have this solid future guide it would be completely unrealistic to do something like this simply because we are currently facing significant and probably increasing uncertainty,” he added.
Responding to a question on some macro data of the euro area, Lagarde stressed that i income real they have widely returned to the levels preceding Covid while investments And consumption They still remain back. “The growth of real incomes is a fact and all in the Member States has been a complete recovery compared to the pre -deductive levels. It is different from what happened at the levels of savings. The savings have increased, with fluctuations over time” but remain higher than the pre -Covid values. “We hope that if trust is restored, especially regarding anxieties and uncertainties on developments in Europe, and that consumers return to previous levels of consumption and investments,” he commented.
The president of the ECB also answered a question about the possibility that the ECB or the central banks of the Eurosystem can buy Bitcoin or others crypto asset for their reserves. Lagarde said that the evaluation of the fact that “le le le le reserves They must be liquid, safe and not involved in activities such as recycling “https://www.Finance.it/detaglionews/135_2025-01-30_TLB/.” This-explained Christine Lagarde in the press conference at the end of the Board of Directors-MI It makes confident that Bitcoin and crypt asset will not be part of the reserves “.