ECB can review inflation goal once it's achieved, Lagarde says
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FILE PHOTO: European Central Bank (ECB) President Christine Lagarde speaks during a news conference following the ECB's monetary policy meeting in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker
FRANKFURT (Reuters) - The European Central Bank can discuss changing its 2% inflation goal but only after it brings down inflation to that level, ECB President Christine Lagarde said on Monday.
"At the moment... there is absolutely no reason to change that 2% medium-term objective," Lagarde said at the Council on Foreign Relations in New York.
"Once we get there, once we are confident that is stays there, we can discuss."
(Reporting by Francesco Canepa; Editing by Mark Heinrich)
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