Frankfurt (Germany), July 1 (LaPresse) – Regarding the 2% inflation target in the Eurozone, "I wouldn't say mission accomplished, but I would say target reached," said European Central Bank (ECB) President Christine Lagarde during a panel at the ECB Forum in Sintra.
"I think we should start by recognizing that we have faced an enormous number of shocks—sometimes even combined shocks—and we are not yet through the disinflation process we've undertaken over the past two years. We are facing a lot of uncertainty. We are facing the risk of increasing fragmentation and we are also facing political developments that are concerning in general, and that are also creating side risks for inflation.
So we must continue to be extremely vigilant. We must remain committed to achieving our target. And I think we are in a very good position to do that right now. We are well equipped to navigate the turbulent waters we must expect," Lagarde added.
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