Inflation in the eurozone has started to decline but the area’s monetary authority expects it to remain above its target in the next two years. The European Central Bank has to do more to bring it down, its governor commented on the backdrop of stable consumer expectations about rising prices during the said period.
Euro Area Inflation Projected to Stay Above Medium-Term Target, Christine Lagarde Says
Eurozone inflation is decreasing, having dropped from double-digit numbers in the early fall of 2022 to 5.5% for the whole area of the single currency in June, President of the European Central Bank (ECB) Christine Lagarde said in an interview published by the bank this week.
Speaking to the French daily La Provence, Lagarde explained that the trend is mainly due to the fall in commodity and energy prices while suggesting that the ECB’s monetary policy decisions had also had an impact on prices.
However, when asked by the newspaper if “inflation is under control at last,” she poin
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