ECB Not Finished Fighting Inflation, Lagarde Says
11 May 2023
By Xavier D’Arcy – FRANKFURT (Econostream) – The European Central Bank’s fight against inflation is not over, ECB President Christine Lagarde said on Thursday.
In an interview with Japanese public broadcaster NHK, she said that ‘the ECB is on a journey to fight inflation, and the fight is not over, and it will only be over when we have sufficient confidence that we will reach the 2% target in the medium term.’
‘Inflation has been too high and for too long’, she reiterated.
Regarding turmoil in the financial sector, she said it was ‘important that regulation and supervision be strong and intrusive to make sure that we do not have that instability which is not helping with the mandate that we have as a central bank of price stability.’