ECB president Lagarde: We're almost at our inflation target

  • Remarks by ECB president, Christine Lagarde
Lagarde May 4 2023
  • Keeping inflation in check is a constant battle
  • Inflation needs to come down in a durable manner
  • To do this, we need to have an interest rate that is carefully set
  • Trump tariffs a chance for Europe to show independence
  • Any ensuing trade war would be a lose-lose scenario

She can take some comfort from the better price developments in France and Spain last week. If Germany follows suit today, it'll seal the deal for another rate cut in April in all likelihood.

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