Lagarde: Eurozone not heading toward recession

ECB president Christine Lagarde said, based on the information they have, the ECB did not believe there would be a recession across the eurozone and they were 'still looking at that soft landing'

President of European Central Bank Christine Lagarde: 'We decided to cut all our rates by 25 basis points because we believe that the disinflationary process is well on track.'
 

President of the European Central Bank (ECB) Christine Lagarde has said she does not believe the eurozone is heading towards recession despite negative trends seen in recent months. 

Her comments come as the ECB made another 0.25% cut to interest rates as inflation continues to recede. This is the third rate cut since June.