ECB’s Lagarde says inflation more likely to ease but risks both way

April 23, 2024

Euro zone inflation is likely to decline further and the European Central Bank may cut interest rates if its long-standing price growth criteria are met, ECB President Christine Lagarde said today.

“At the same time, the Governing Council is not pre-committing to a particular rate path,” Lagarde said, repeating the bank’s most recent guidance.

“Risks to the inflation outlook are two-sided,” she said.

“Upside risks include heightened geopolitical tensions, as well as higher wage growth and more resilient profit margins than anticipated,” the ECB chief added.

Article Source – ECB’s Lagarde says inflation more likely to ease but risks both way – RTE

Copyright and Related Rights Act, 2000

Related News

Inaugural Global Economic Summit to open in Co Kerry

Inaugural Global Economic Summit to open in Co Kerry

More than 400 leaders from politics, business, economics and civic life are gathering in Killarney, Co Kerry over the next three days for the inaugural Global Economic Summit. They will discuss themes including climate change, energy sustainability, health ecosystems,...

Fuel prices see slight fluctuation in May

Fuel prices see slight fluctuation in May

New figures from AA Ireland show a a slight fluctuation in petrol and diesel prices over the last few weeks after a sharp increase in April. The AA Ireland’s latest monthly Fuel Price Survey shows that average petrol prices rose by two cent per litre to €1.83, while...