“We are all absolutely determined to arrive at this target, which is a target of 2%” on inflation, Lagarde said. “In terms of the path to get there, some want to gallop, to go very fast. Others say let’s do a small trot, let’s wait to see what the obstacles are along the way.”
President Christine Lagarde said that the European Central Bank can’t relent on inflation, with the US administration’s trade policy creating uncertainty.
“It is a daily struggle,” she told France Inter Radio on Monday. “We are almost where we should be, but we have to remain there, so that’s why I say it’s a constant battle.”
Policymakers have cut interest rates in six quarter-point moves since June, though there’s no clear consensus on what will happen at the April 17 decision. That’s partly because of US President Donald Trump’s planned April 2 announcement on reciprocal tariffs and their still unpredictable global fallout.
