Central Banks
Lagarde Sees More Disinflation But Seeks Proof of Return to 2%
- Wages are increasingly important price driver, she reiterates
- Money markets see ECB cutting interest rates before Fed
WATCH: ECB Seeks Proof Disinflation Leads to 2% Target: Lagarde
European Central Bank President Christine Lagarde said the retreat in inflation in the euro zone will continue but that she and her colleagues need to see more evidence that price growth is returning to their goal.
Addressing European Union lawmakers in Strasbourg, Lagarde said wage pressures remain strong, reiterating that salaries will likely become an increasingly important driver of price dynamics in the coming quarters.