Christine Lagarde, President of the European Central Bank, indicated a clear path for further interest rate cuts due to restrictive financing conditions and a stagnating economy. The ECB cut its key interest rates by 25 basis points, bringing the deposit rate to 2.75%. Lagarde emphasized a data-dependent approach for future cuts, with expectations of three additional cuts this year. She acknowledged risks to economic growth from geopolitical tensions and trade frictions, while firmly dismissing Bitcoin as a reserve asset due to its volatility. Market reactions showed stability in the euro and gains in European equities. Teljes cikk (Euronews.com)