"It's still too early to declare victory over inflation."
This was stated by the president of the ECB Christine Lagarde in an interview with the Spanish editorial group Vocento, according to whom "we are making progress", but "'there is still much to do".
"I know that people are suffering from inflation - he adds - especially the most vulnerable and exposed ones such as low-income retirees. At the ECB we believe that government measures should be targeted at this type of people" to then be reviewed when " energy prices will fall and food prices will stabilise".
"It is very likely - he continues - that
we will increase interest rates by 50 basis points
" in the meeting of March 16. It was a decision that we had indicated in the last meeting and all the numbers seen in recent days are confirming that this increase is very, very probaile".
For the future, Lagarde doesn't say too much: "we depend on the data, many central bank governors are spreading their personal opinions and analyses, as president of the ECB I have to focus" on the data.