ECB President Lagarde stated that the ECB is yet to reach the 2% inflation target sustainably. Lagarde expects inflation to continue slowing down due to past shocks and tight financing conditions. She emphasized the need for evidence of a return to the 2% goal amid strong wage pressures.
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ECBβs Lagarde sees more disinflation but seeks proof of a return to 2% https://t.co/k38HBQiLec via @weberalexander https://t.co/DFLhfhOI4j
ECB President Christine Lagarde says inflation will continue to slow but she needs to see more evidence that price growth is returning to the 2% goal https://t.co/L2tMBONZA3
π΄ ECB'S PRESIDENT LAGARDE: WE EXPECT INFLATION TO CONTINUE SLOWING DOWN, AS THE IMPACT OF PAST UPWARD SHOCKS FADES AND TIGHT FINANCING CONDITIONS HELP TO PUSH DOWN INFLATION.
π΄ ECB'S PRESIDENT LAGARDE: THE CURRENT DISINFLATIONARY PROCESS IS EXPECTED TO CONTINUE, BUT THE GOVERNING COUNCIL NEEDS TO BE CONFIDENT THAT IT WILL LEAD US SUSTAINABLY TO OUR 2% TARGET.
π΄ ECB'S PRESIDENT LAGARDE: WAGE PRESSURES, MEANWHILE, REMAIN STRONG.
Live now: President @Lagarde attends the @Europarl_EN plenary session on the ECB Annual Report for 2022. Follow the webcast here https://t.co/4sh38ezktA https://t.co/QaoceUhILZ
π΄ ECB'S PRESIDENT LAGARDE FULL SPEECH https://t.co/k7mO8Cb73b
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π΄ ECB'S PRESIDENT LAGARDE: WE HAVE TO GET TO 2% INFLATION SUSTAINABLY.
π΄ ECB'S PRESIDENT LAGARDE: THE ECB IS NOT THERE YET ON INFLATION - KANAAL Z.