Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to cut key rates by 25 basis points in June and responds to questions from the press.

Key quotes

"Interest rate cut is justified by confidence in the path ahead."

"Robustness of fourth quarter 2025 inflation projection formed basis of rate cut decision."

"Decision and data releases are not perfectly synchronized."

"Not going to tell you until much later in summer if we do something now or at another point in time."

"We will need more data to constantly confirm disinflationary path."

"We're more restrictive in real terms than back in September."

"There will be other bumps on road."

"Some bumps can be anticipated, like base effects."