ECB “approaching target” on inflation, says Lagarde

by time news

2023-07-30 21:45:05

The European Central Bank (ECB) “will about the goal“to achieve a 2% inflationafter “go a long way in the fight against inflation,” he said Sunday in an interview with the French daily Le Figaro Christine Lagarde, president of the European issuer. “In any case, monetary policy began to produce its effects to make decrease inflation“, said.

“Much progress has been made in the fight against inflation”

“It is seen in the credit figuresat the same time on interest rates (…) and credit volumes that are going down, as well as the demand for credit from companies,” he added.

decelerating prices

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Regarding speculations around a break about the rise of types after September, the president of the institution said that “maybe there will be a new increase of the guideline rates, or perhaps a pause”.

“A pause, whatever the date, in September or later, would not necessarily be definitive,” he warned. The rise of the prices in the euro zone It has been slowed down in recent monthsbut it remains at a high level of 5.5%, according to June figures.

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