Economy category powered by

Lagarde: ECB on track but job not done

The European Central Bank is on track to get inflation back to its 2% target but victory has not yet been won, ECB President Christine Lagarde has said.

She was speaking to Bloomberg TV in Davos on 17 January.

As also reported by Reuters, Lagarde said it would be in the "late spring" when the ECB gets data from this year's collective wage agreements which could then give it a good idea of where household incomes and therefore inflation is going.

She declined to push back on market bets for six rate cuts this year but said that if investors are mispricing its future moves, that could be counterproductive to the fight against inflation.

(Reuters, Bloomberg TV)

Read More

Energy Minister: It will take time before Pegasus' natural gas reaches market
George Papanastasiou: EU Green Deal involves significant costs that could affect member states' competitiveness
Agriculture Minister to participate in EU Agriculture and Fisheries Council
Average total government employment up in first six months
Trade deficit up 2.3% in first five months of 2025
Step-by-step: The Foreign Direct Investment screening procedure
Chief Scientist strengthens Cyprus’ innovation standing as regional gateway to Europe during UAE visit
Deputy Shipping Minister promotes Cyprus bid for IMO in London visit
Water from desalination plants in Moni on 22 July
Announcement on 'Pegasus 1' gas discovery, “an optimistic message”, Energy Minister says