The European Central Bank (ECB) has cut interest rates to 2%, with President Christine Lagarde stating that the economy is in a strong position. This decision reflects the ECB’s strategy to support economic recovery and stability amid global uncertainties. The rate cut aims to stimulate borrowing and investment across the Eurozone. Lagarde’s comments highlight the central bank’s confidence in its monetary policy approach despite challenges. The move underscores the ECB’s commitment to maintaining price stability and fostering growth. — new from Reuters
