# ECB Press Conference: Lagarde comments on outlook after cutting interest rates by 25 bps

> ECB President Christine Lagarde said growth is losing momentum and risks are tilted to the downside, while inflation risks are now two-sided. The ECB lowered its key rate by 25 basis points at the December meeting, with some discussion of a 50 basis point cut.

- Date: 2024-12-12 · published 2024-12-12T12:00:00.000Z
- Category: macro · region Euro zone · magnitude low
- Page: https://feedsoft.ai/events/27179-ecb-press-conference-lagarde-comments-on-outlook-after-cutting-interest-rates
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Signals of further easing and downside growth risk point to a weaker euro and a firmer dollar, which can shift the relative cost of dollar-priced feed ingredients for euro zone buyers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-12-11 | [Christine Lagarde: ECB press conference - introductory statement](https://feedsoft.ai/events/49858-christine-lagarde-ecb-press-conference-introductory-statement.md) | +1.2% | +0.4% |
| EURUSD | 2024-03-27 | [EUR/USD continues lower on diverging interest-rate outlook](https://feedsoft.ai/events/31419-eur-usd-continues-lower-on-diverging-interest-rate-outlook.md) | -0.6% | -1.2% |
| EURUSD | 2023-09-14 | [ECB raises interest rates by 0.25%](https://feedsoft.ai/events/34318-ecb-raises-interest-rates-by-0-25.md) | -0.2% | -1.7% |
| EURUSD | 2019-09-12 | [ECB press conference - introductory statement \| Bank for International Settlements](https://feedsoft.ai/events/57277-ecb-press-conference-introductory-statement-bank-for-international-settlements.md) | +0.5% | -0.2% |
| EURUSD | 2023-09-14 | [Euro Falls After ECB Hikes Interest Rates \| Morningstar](https://feedsoft.ai/events/34316-euro-falls-after-ecb-hikes-interest-rates-morningstar.md) | -0.2% | -1.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/european-central-bank-set-to-cut-interest-rates-again-amid-slow-economic-growth-202412120800

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.