The data "confirm the ongoing disinflation process and this process will continue - said ECB President Christine Lagarde speaking to the Economic and Monetary Affairs Committee of the European Chamber -, 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 tightening, taking into account the inflation outlook, underlying inflation dynamics and the strength of monetary policy transmission."
"Eurozone economic activity was quite weak in 2023 and this weakness characterized all sectors. But leading indicators point to a recovery next year."
"The reasons for strengthening our single currency are stronger than ever - said Lagarde -. The next European elections will be an opportunity for an ambitious program on our economic and monetary union. It is essential that all political forces seize this opportunity to ensure that Europe can respond to the challenges we face."
"The first 25 years of the single currency have been a success but not all the goals of the monetary union have been achieved," Lagarde explained.
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