Central Banks
ECB’s Lagarde Says Disinflation in Euro Zone Will Be Bumpy
- President sees ‘plenty of challenges’ ahead for euro zone
- Refused to be drawn on market turbulence in native France
Christine Lagarde
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The European Central Bank is confident that it’s on the right path to return inflation to 2%, even though progress in the next few months will be bumpy, according to President Christine Lagarde.
That optimism allowed policymakers to lower interest rates last week, she told reporters in Dubrovnik, Croatia. She refused to comment on financial-market turmoil originating in her native France, where stocks and bonds tumbled amid political uncertainty.