ECB cuts rates 25 bps to 3% amid worsening growth outlook for Euro zone

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ECB cuts rates 25 bps to 3% amid worsening growth outlook for Euro zone - Business Standard

Quick Summary:

The SNB said geopolitical tensions, including US trade policy, could result in weaker growth while Europe was also facing political uncertainty.

While no ECB policymaker explicitly argued for a 50 basis cut in the run up to the meeting, several had pointed out that risks for lower growth and inflation were mounting.

Lagarde acknowledged "there were some discussions" about cutting by 50 basis points but said the consensus had been for a 25-basis-point move.