The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing in 2025 as growth takes a hit from political instability at home and the risk of a fresh trade war with the United States.

As a Frenchwoman, Lagarde will undoubtedly be asked — and expected to answer — the odd question on France. The country has been thrown into political chaos with the collapse of President Emmanuel Macron’s government.