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Lagarde Says ECB Needs Time to Weigh Inflation Uncertainties
Posted
July 2, 2024
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2,026
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July 2, 2024
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0:47Now PlayingThe European Central Bank doesn’t yet have sufficient evidence that inflation threats have passed, President Christine Lagarde said — feeding expectations that officials will take a break from cutting interest rates this month.
With the euro-zone job market remaining robust, the ECB has time to assess incoming information, Lagarde said Monday in Sintra, Portugal, where she opened the ECB’s annual central-banking forum. It’s too soon to claim victory after the spike in prices, she said.
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