Euro Zone Inflation Could Tick Up: ECB's Lagarde Warns Against 2.9% Rate

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.