Lagarde said the ECB's emergency bond market backstop, dubbed the transmission protection instrument, was not discussed at the meeting and that the broader European bond market was functioning normally.
European Central Bank leaving rates unchanged as economy weathers Trump's tariffs
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The European bank is on pause following an earlier set of cuts, and its president, Christine Lagarde, said future moves are “not on a predetermined path.”
Wall Street's record-setting run keeps rolling on expectations for easier interest rates
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