President of the European Central Bank (ECB) Christine Lagarde speaks at a press conference on a previous ECB Governing Council meeting. Boris Roessler/dpa
European Central Bank President Christine Lagarde said the paring back of key interest rates in the eurozone will only happen if the ECB was convinced inflation would reach its 2% target, dampening hopes among investors for early cuts, as she also waded into the US presidential election. She could not suggest a date, "But if we reach 2%, as we expect for 2025 - and data confirms this in the coming months - I am very confident that interest rates will fall," the president said on Thursday evening on the French television station France 2. Market watchers have recently speculated the ECB could i...
