Ecb Interest Rate 2024. — the six members of the european central bank (ecb) executive board and the 16 governors of the euro area central banks vote on where to set the rate. European central bankgoverning council member mario centenosaid the direction of monetary policy seems “clear” given indicators such as lower inflation.
As a result, our governing council recently cut interest rates, after keeping them at high levels for nine months. Lagarde urges caution over speed, time of ecb rate cuts.