The European Central Bank has lowered its economic growth forecast for the eurozone, indicating weakened prospects and further interest rate cuts amidst declining inflation rates.
Christine Lagarde, ECB president, emphasized that the central bank is not pre-committing to any rate path, underscoring the evolving economic landscape and ongoing assessments.
Financial markets are pricing in further cuts by the ECB, reflecting skepticism about the bank's uncertainty around future monetary policy directions.
The ECB has acknowledged slowing growth in Germany's economy, on the brink of recession, which has influenced their latest growth predictions for the eurozone.
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