The president of the European Central Bank (ECB) promised this Friday inflation below 2% “in due course”, without committing to raising interest rates, and pointed out that the weak growth of the euro zone “is not a recession” .
We want to return to our medium-term goal of 2% [de taxa de inflação] and we will return to that objective and in due time,” declared Christine Lagarde, at a press conference after the informal meeting of European Finance Ministers, in the Spanish city of Santiago de Compostela within the framework of the Spanish presidency of the Council of the EU. .
One day after a new increase, the person in charge stressed: “Our mission is price stability, our fight is against inflation and our main instrument, in these circumstances, are interest rates, so […] “We decided to raise interest rates again by 25 basis points to reinforce progress towards achieving our goal and win the battle against inflation.”
Source: Observadora
