FILE - President of European Central Bank, Christine Lagarde, attends a press conference after an ECB's governing council meeting in Frankfurt, Germany, on Jan. 25, 2024. The European Central Bank appears ready to start cutting interest borrowing costs for businesses and consumers - and do it ahead of the Fed. Analysts say a first rate cut is coming Thursday when the bank's policymakers meet in Frankfurt, Germany. . (AP Photo/Michael Probst, File)
FILE - President of European Central Bank Christine Lagarde attends a press conference after a meeting of the ECB's governing council in Frankfurt, Germany, Thursday, June 6, 2024. Inflation is on the way down in Europe. That's good news. But not good enough for the European Central Bank to cut interest rates just yet. (AP Photo/Michael Probst, File)