Christine Lagarde, President of the ECB, announced a 25 basis point cut in interest rates to 3.25% during a press conference, citing progress in tackling inflation and a softer economic outlook. Headline inflation has dropped to 1.7%, while core inflation is at 2.7%. Lagarde emphasized the ECB's cautious approach and flexibility in future decisions, acknowledging risks from global uncertainties. Market reactions included a slight decline in the euro and a rally in European stocks. Teljes cikk (Euronews.com)