ECB President Christine Lagarde speaks after rate decision

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European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.

Follow CNBC’s ECB live blog here.

The European Central Bank announced a 25-basis-point interest rate cut on Thursday, as expected, in its fifth reduction since the central bank began easing monetary policy in June last year.

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The reduction brings the ECB’s deposit facility, its key rate, to 2.75%. Markets had been pricing in an over 90% chance of a 25-basis-point cut ahead of the announcement.

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