ECB's Lagarde: inflation should stabilise at 2% target in 2025
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FILE PHOTO: European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council's monetary policy meeting in Frankfurt, Germany September 12, 2024. REUTERS/Jana Rodenbusch/File Photo
PARIS (Reuters) - Euro zone inflation will durably reach the European Central Ban's 2% target in the course of 2025, ECB President Christine Lagarde told a French newspaper, largely repeating her recent message.
"Maybe we could have started to intervene a few months earlier. But we raised rates at an unprecedented rate, and we managed to bring inflation down significantly over a short period," Lagarde told Le Monde in an interview published on Thursday.
"Now I want to see that 2% target achieved on a lasting basis. In the absence of a major shock, this will be the case in the course of 2025."
(Reporting by Tassilo Hummel; editing by Balazs Koranyi)
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