ECB GOVERNOR WARNS OF THE DANGER OF CENTRAL BANK INDEPENDENCE COLLAPSING!

Central Bank Independence: ECB Governor Christine Lagarde warns that central bank independence is under threat due to rising economic challenges and political pressures.
Challenges: Some parties may interfere, making it harder for central banks to carry out effective monetary policies and maintain financial stability.
Transparency: Lagarde emphasizes the need for clear communication with markets and investors to maintain trust and economic growth.
Interest Rate Cut: A Reuters poll predicts the ECB will cut the deposit rate by 0.25% in January 2025, lowering it to 2.75%, to support the economy and prevent a slowdown.
Past Actions: The ECB has taken similar steps before during economic downturns, showing its commitment to financial stability and encouraging investments.