{"id":17739,"date":"2023-04-20T13:31:31","date_gmt":"2023-04-20T13:31:31","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/euro-zone-inflation-too\/"},"modified":"2023-04-20T13:34:32","modified_gmt":"2023-04-20T13:34:32","slug":"ecbs-lagarde-still-a","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/ecbs-lagarde-still-a\/","title":{"rendered":"ECB’s Lagarde: “still a bit of a way to go” on monetary policy"},"content":{"rendered":"

PARIS (Reuters) -Euro zone inflation is too high and the European Central Bank’s monetary policy “still has a bit of way to go” to bring back inflation towards its 2% goal, ECB President Christine Lagarde said on Thursday.<\/p>\n

“Our monetary policy must obviously deploy all its tools to bring inflation to the 2% target in the medium-term,” Lagarde told a conference held at French elite school Polytechnique in Paris.<\/p>\n

“This exercise is under way. We already used most of our tools, there is still a bit of a way to go,” she added.<\/p>\n

“The length of the path will obviously depend on a number of factors and notably the impact on credit and its availability (after) the financial problems we have known,” she added in reference to recent tensions in the banking sector.<\/p>\n

The ECB is expected to raise interest rates for a seventh straight meeting at its next meeting on May 4 in a bid to bring down stubbornly high inflation in the euro zone, with policymakers converging on a 25-basis-point hike, sources with direct knowledge of the discussion have told Reuters.<\/p>\n

(Reporting by Dominique Vidalon; Blandine Henault, Editing by Benoit Van Overstraeten and Leigh Thomas)<\/p>\n

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PARIS (Reuters) -Euro zone inflation is too high and the European Central Bank’s monetary policy “still has a bit of way to go” to bring back inflation towards its 2% goal, ECB President Christine Lagarde said on Thursday. “Our monetary policy must obviously deploy all its tools to bring inflation to the 2% target in […]<\/p>\n","protected":false},"author":8,"featured_media":17740,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[1223],"class_list":["post-17739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3J0JJ-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=17739"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17739\/revisions"}],"predecessor-version":[{"id":17819,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/17739\/revisions\/17819"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/17740"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=17739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=17739"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=17739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}