Lagarde, inflation drops but certainty is needed to cut rates. The data "confirm the ongoing disinflation process and this process will continue, according to forecasts, taking us even lower in 2024".
On interest rates, "we will continue to follow a data-dependent approach to determining the appropriate level and duration of restrictions," Lagarde said. "We are confident that in terms of direction we are moving towards 2% in a timely manner but at the moment we do not have enough to be certain of the solidity" of this outcome," she said.