Central Banks
ECB Inflation Goal in Sight, But Fight Not Over, Lagarde Says
- President in interview with Le Monde published Thursday
- Data will determine size, sequence of interest-rate cuts
This article is for subscribers only.
Euro-area consumer-price growth is headed toward the European Central Bank’s 2% goal, but the fight hasn’t yet been won, according to President Christine Lagarde.
“The objective is in sight, but I am not going to tell you that inflation is under control,” she said in an interview with Le Monde published Thursday. “We also know that inflation will rise in the coming months, simply because of base effects.”