Lagarde: We are winning a battle at the moment

  • I think we have passed the hardest and worst bit of inflation
  • That doesn’t mean we will have a smooth inflation decline
  • I see eurozone inflation at 1.9% in 2025
  • I cannot give a date when interest rates may go down
  • I think rates have reached their peak

Given the lags in monetary policy, that 2025 forecast is important for rates in the back half of this year.

h/t to Paul for the meme.

This article was written by Adam Button at Source