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Lagarde assures that the ECB will be “brave” to return the inflation rate to 2%

Date: April 24, 2024 Time: 09:38:06

The Governing Council of the European Central Bank (ECB) will bravely undertake the current stretch of the cycle of interest rate rises and will take the “delicate” decisions that are necessary to return the inflation rate to 2% in the medium term, a level “non-negotiable” for the president of the institution, Christine Lagarde. In an interview with TVE on the occasion of the 25th anniversary of the ECB, the French company has announced that the closer the end of the cycle of increases, which the entity has not yet reached, is, the more difficult it becomes to gauge the moment, the rhythm and the appropriate level to reach the greatest possible consensus within the Governing Council.

“So I think we are heading towards more delicate decisions in the future, but we will be brave and we will take the necessary decisions so that inflation returns to 2%,” he stressed. In this sense, she has announced that now is a very critical moment, because inflation is beginning to drop and the effectiveness of the measures is beginning to be seen. “We still have to have high, sustained high interest rates. It is time to tighten our belts,” she pointed out.

Insists on the objective of the ECB

Likewise, he recalled that the ECB’s objective “is simple and direct: price stability”, stressing the importance of being totally determined to achieve it and taking all the necessary measures so that inflation returns to 2%. “And we will achieve it, without a doubt,” she added. “I will be satisfied when we have reached 2% inflation in the medium term, then I will say mission accomplished”, stated the ECB president, who reiterated that the institution will make its decisions based on the figures and criteria set.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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