ECB on track but job not done: Lagarde
Tweet
Share
E-mail
European Central Bank (ECB) President Christine Lagarde attends a Eurozone finance ministers meeting in Brussels, Belgium January 15, 2024. REUTERS/Yves Herman/File Photo
(Reuters) - The European Central Bank is on track to get inflation back to its 2% target but victory has not yet been won, ECB President Christine Lagarde told Bloomberg TV in Davos on Wednesday.
Lagarde said it would be in the "late spring" when the ECB gets data from this year's collective wage agreements which could then give it a good idea of where household incomes and therefore inflation is going.
She declined to push back on market bets for six rate cuts this year but said that if investors are mispricing its future moves, that could be counterproductive to the fight against inflation.
(Reporting by Balazs Koranyi; Editing by Andrew Heavens)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Twelve killed and at least 10 injured in Polish bus crash in Hungary
- Falconry-Canadian falcon commands huge price at Saudi breeders auction
- Analysis-Europe's heatwaves expose insurance gap as business losses mount
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
