ECB President Lagarde stated that sustained interest rate levels will help return inflation to target and could take it to 2%. She also cautioned against taking the 2.9% inflation rate for granted and mentioned potential upticks in inflation in the months ahead. This comes as Euro zone inflation is expected to tick up in the coming months, according to Lagarde.
Euro zone inflation could tick up in coming months: Lagarde https://t.co/1tJM73I5pm https://t.co/pqCyymLALi
Lagarde: there could be upticks in inflation in the months ahead...
🔴 ECB'S PRESIDENT LAGARDE: THERE WILL BE SOME UPTICKS IN INFLATION IN THE MONTHS AHEAD.
🔴 ECB'S PRESIDENT LAGARDE: WE SHOULDN'T TAKE 2.9% INFLATION RATE FOR GRANTED.
🇪🇺 ECB'S LAGARDE: SHOULDN'T TAKE 2.9% INFLATION RATE FOR GRANTED
🇪🇺 ECB'S LAGARDE: THERE WILL BE SOME UPTICKS IN INFLATION IN THE MONTHS AHEAD
🔴 ECB'S PRESIDENT LAGARDE: IF KEPT LONG ENOUGH, RATES WILL TAKE US TO 2%.
🔴 ECB'S PRESIDENT LAGARDE: INTEREST RATE LEVEL, IF SUSTAINED LONG ENOUGH, WILL CONTRIBUTE TO RETURNING INFLATION TO TARGET.