Central Banks
Lagarde Sees Key Juncture as ECB Needs Sustainably High Rate
- ‘We have to really buckle up’ on achieving 2% inflation goal
- ECB president speaks in broadcast interview with Spain’s TVE
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The European Central Bank is at a key juncture because it needs to keep persevering with its monetary policy just as consumer-price growth shows signs of slowing, President Christine Lagarde said.
“Now is a moment which is also quite critical because inflation is beginning to go down,” she said in an interview with Spanish state-run channel TVE broadcast Friday. “We are beginning to see efficiency of measures, but we still need to have high and sustainably high interest rates.”