# ECB Press Conference: Lagarde explains decision to keep rates steady, speaks on policy outlook

> Lagarde said at the January press conference that the economy likely stagnated in Q4 and that inflation is expected to ease further over 2024. She said it was premature to discuss rate cuts and that the ECB needed more progress on disinflation. The ECB kept its key rates at 4.50%, 4.75% and 4.00%.

- Date: 2024-01-25 · published 2024-01-25T12:00:00.000Z
- Category: macro · region Eurozone · magnitude low
- Page: https://feedsoft.ai/events/32347-ecb-press-conference-lagarde-explains-decision-to-keep-rates-steady-speaks-on
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Guidance that cuts remain distant supports the euro and keeps European borrowing costs high, which affects currency conversion for feed importers. The comments confirm existing expectations rather than shifting them.

## Read by commodity

- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-09-10 | [Christine Lagarde: ECB press conference - introductory statement](https://feedsoft.ai/events/51333-christine-lagarde-ecb-press-conference-introductory-statement.md) | +0.2% | -0.4% |
| EURUSD | 2025-11-21 | [ECB’s Lagarde: Remains open to adjusting monetary policy if inflation deviates](https://feedsoft.ai/events/22151-ecb-s-lagarde-remains-open-to-adjusting-monetary-policy-if-inflation-deviates.md) | +0.6% | +1.6% |
| EURUSD | 2024-07-18 | [ECB leaves rates unchanged, markets look to ECB's Lagarde for clues](https://feedsoft.ai/events/29482-ecb-leaves-rates-unchanged-markets-look-to-ecb-s-lagarde-for-clues.md) | -0.7% | +0.8% |
| EURUSD | 2025-09-11 | [ECB keeps rates unchanged as economy steadies – POLITICO](https://feedsoft.ai/events/23095-ecb-keeps-rates-unchanged-as-economy-steadies-politico.md) | +1.1% | -0.9% |
| EURUSD | 2021-02-18 | [Euro-Dollar Rate, the ECB's Currency Concerns and Two Competing Outlooks for 2021](https://feedsoft.ai/events/48855-euro-dollar-rate-the-ecb-s-currency-concerns-and-two-competing-outlooks-for-2021.md) | +0.8% | -1.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/european-central-bank-preview-another-hold-expected-as-focus-shifts-to-timeline-of-interest-rate-cuts-202401250805

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