The ECB is likely to continue to lower its key interest rate as the threat of U.S. tariffs clouds already weak growth prospects, President Christine Lagarde said Monday in a speech.

The European Central Bank (ECB) will lower interest rates further, with risks to the inflation outlook now “two-sided,” president Christine Lagarde said.

The European Central Bank will cut interest rates further if inflation continues to ease towards its 2% target as restricting economic growth is no longer necessary, ECB President Christine Lagarde said on Monday.