European Central Bank President Christine Lagarde speaks on a panel at the World Economic Forum in Davos, Switzerland.

The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which we steer the monetary policy stance – is based on our updated assessment of the inflation outlook,

The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany.

The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of capital towards the Dollar.”

Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US.

Christine Lagarde, president of the European Central Bank, responds to US President Donald Trump's trade deficit concerns with the EU, urging negotiations and mutual respect. While business leaders in Davos are optimistic about economic prospects,

Europe must "be prepared" and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, European Central Bank President Christine Lagarde told CNBC on Wednesday. "What we need to do here in Europe is to be prepared, and anticipate what will happen in order to respond," she told CNBC's Karen Tso.

An intensified trans-Atlantic competition, despite calls for cooperation, belied an overall upbeat mood among many business leaders in Davos who are looking for economic growth, fewer regulations, lower taxes and greater efficiencies through technologies like artificial intelligence — another key theme to the week.

European Commissioner for Economy Valdis Dombrovskis said Moscow must be made to “pay” for its nearly three-year-long war in Ukraine.

It is the European Union that is isolated, not Hungary. We are walking on the main street of history, while the EU is stumbling somewhere in the muddy backstreets.

LAGARDE: ECONOMY SET TO REMAIN WEAK IN NEAR TERM LAGARDE: EXPECTATIONS OF RECOVERY REMAIN IN PLACE LAGARDE: RISING REAL INCOMES HAVEN'T CONVINCED CONSUMERS YET

The euro could fall if European Central Bank President Christine Lagarde prompts markets to price in lower interest rates, ING’s Chris Turner says in a note. The ECB is expected to cut the deposit rate by 25 basis points to 2.