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President of the European Central Bank, Christine Lagarde, attends a press conference after an ECB's governing council meeting in Frankfurt, Germany, on Jan. 25, 2024. Europe's outburst of inflation is receding. But a cut in interest rates from a record-high 4% is not going to happen at Thursday's European Central Bank meeting. And it may even have to wait until summer. ECB President Christine Lagarde is likely to stress after a meeting Thursday that the bank wants to see more evidence that the inflation beast has been tamed before cutting rates. (AP Photo/Michael Probst)

President of the European Central Bank, Christine Lagarde, attends a press conference after an ECB's governing council meeting in Frankfurt, Germany, on Jan. 25, 2024. Europe's outburst of inflation is receding. But a cut in interest rates from a record-high 4% is not going to happen at Thursday's European Central Bank meeting. And it may even have to wait until summer. ECB President Christine Lagarde is likely to stress after a meeting Thursday that the bank wants to see more evidence that the inflation beast has been tamed before cutting rates. (AP Photo/Michael Probst)

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