The European Central Bank will lower borrowing costs further as the inflation spike of recent years increasingly moves into the rear-view mirror, bringing the 2% target within reach, President Christine Lagarde said.
After a “lengthy period of restrictive policy,” the accuracy of economic projections has improved and officials can concentrate on managing future risks instead of worrying about the transmission of past shocks, she said Monday in a speech, also citing evidence that still-elevated services inflation will ease in the coming months.
Source: Bloomberg
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