Central Banks

Lagarde Sees Clear Direction for Rates, Pace to Be Decided

Recent data on inflation have been ‘relatively reassuring’
President speaks in interview with Bloomberg TV in Washington

WATCH: European Central Bank President Christine Lagarde said, “inflation is on the right track of disinflation,” but the central bank will remain “cautious and not jumping to conclusions.” Lagarde spoke in an exclusive conversation with Francine Lacqua.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Francine Lacqua, Mark Schroers, and Alexander Weber

October 22, 2024 at 2:56 PM UTC

Updated on

October 22, 2024 at 3:18 PM UTC

This article is for subscribers only.

The direction of European Central Bank borrowing costs is clear but the pace at which they’ll be lowered is still to be decided, according to President Christine Lagarde, who didn’t rule out bigger moves.

Speaking Tuesday on the sidelines of the International Monetary Fund and World Bank annual meetings, Lagarde said disinflation is on the right track, describing recent numbers as “relatively reassuring.”