ECB’s Lagarde Says Fight Against Elevated Inflation Isn’t Over
- Target of 2% must be reached, ECB chief tells Japanese TV
- Remarks come as some officials flag chance of prolonged hikes
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European Central Bank President Christine Lagarde said efforts to curb elevated inflation aren’t over — reinforcing the message that there are more interest-rate increases still to come.
“Inflation has been too high and for too long,” Lagarde told Japanese broadcaster NHK on Thursday. “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.”