"We expect inflation in the euro area to continue to fall" as price pressures ease and the effects of tighter monetary policy on demand.
This was stated by the president of the ECB Christine Lagarde in the speech presented to the IMFC.
“With inflation too high for too long, the ECB decided in March to raise rates by 50 basis points, bringing the total hikes since July 2022 to 350 basis points. The hikes highlight our determination to ensure return of inflation to the medium-term target of 2%," notes Lagarde.
"The euro area banking system is resilient, with solid capital and liquidity positions."
This was stated by the president of the ECB Christine Lagarde in the speech presented to the IMFC.
The ECB has the tools to provide liquidity to the euro area financial system if needed.
"We closely monitor market tensions and are ready to respond as necessary to preserve price stability and financial stability in the euro area," explains Lagarde.
