Lagarde: “Pretty confident” that by end-2023 inflation numbers will look different

  • Disinflation has to be ‘timely’ and ‘sustainable’
  • German growth not broken and demonstrating resilience
  • Proximity to war in Ukraine part of the reason for differing economic paths for US and Europe
  • Changing inflation target would be ‘deceptive’ and counter to anchoring expectations

That’s a dovish headline from Lagarde, though hardly a signal about a Sept pause.

This article was written by Adam Button at Source