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Guest column by Christine Lagarde | Why did the ECB cut interest rates?

From ksml.fi

Two years ago, we started to raise key interest rates because inflation was too fast. Now the situation is better. Although prices continue to rise, especially in the service sector, overall inflation has slowed considerably. Next year, we will reach the goal of a two percent inflation rate. So we can now lower our policy rates. The most important of them was 4 percent for nine months, but on Thursday we reduced it by 0.25 percentage points. In this way, loans are available at a lower price for consumption and investments. The interest rate cut is also an important step in taming inflation. We put our foot on the ... (full story)

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