Reported about 9 hours ago
European Central Bank President Christine Lagarde expressed confidence in the ECB's current interest rate strategy, indicating they are well-positioned to meet medium-term inflation targets. Following recent rate adjustments, she noted that policymakers will remain vigilant regarding incoming data while also highlighting the impact of external factors, such as U.S. trade policies, on future decisions. Lagarde asserted that the ECB has effectively reduced inflation from over 10% to the target level of 2%, but warned that substantial tariffs on European goods could negatively affect international trade.
Source: YAHOO