European Central Bank chief Christine Lagarde said Monday eurozone policymakers would keep cutting interest rates and warned that higher US tariffs under President-elect Donald Trump could hit growth in the bloc.

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

The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday. "I don't see any interest rate hikes at the moment.

The European Central Bank could consider waiting longer before its next rate cut if inflation risks from energy prices or a stronger depreciation of the euro materialize, according to Governing Council member Robert Holzmann.

The recent uptick in the inflation rate in the European Union could delay another rate cut by the European Central Bank, a member of the bank’s governing council was quoted as saying Saturday. In an interview with Austrian newspaper Kurier,