July 01, 2024 19:00 GMT
MNI BRIEF: Work Fighting Inflation 'Not Yet Done' - Lagarde
(MNI) LONDON
SINTRA, Portugal (MNI)
ECB President Christine Lagarde speaks ahead of an annual meeting in Sintra.
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The European Central Bank's work fighting inflation is "not done" and policymakers must remain vigilant, President Christine Lagarde said on Monday.
Speaking ahead of the central bank's Forum on Monetary Policy at Sintra, Lagarde said policy actions in recent years have helped to anchor expectations for inflation, which is now expected to return sustainably to 2% in the second half of 2025.
The ECB "would not waiver" in its commitment to bring inflation back to target, she said. (See MNI SOURCES: September Rate Cut In Sight For ECB)
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