Reported 7 months ago
ECB President Christine Lagarde expressed confidence in the bank's strategy to bring inflation back to 2%, despite acknowledging that the journey ahead might encounter bumps. Lagarde's optimism led to a recent interest rate cut, although uncertainties remain high regarding inflation, wage growth, and geopolitical issues. The ECB anticipates inflation hitting 2% by the end of next year, with external factors such as geopolitical fragmentation and climate change expected to drive future inflation. Lagarde emphasized the bank's commitment to keeping inflation under control and refrained from commenting on financial market concerns related to possible political changes in France.
Source: YAHOO