Lagarde Says ECB Getting to the End of Monetary Cycle - video Dailymotion

Watch Lagarde Says ECB Getting to the End of Monetary Cycle - Bloomberg on Dailymotion

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00:00With today's cut and the current level of interest rates, number one, I think we are

00:07getting to the end of a monetary policy cycle that was responding to compounded shocks,

00:15including COVID, including the war in Ukraine, the illegitimate war in Ukraine, and the energy

00:24crisis. But, of course, we are now into a different time with different players, with different

00:35partners, with different policies. And we will continue to analyze and assess and measure and

00:42make sure that we deliver on our 2% medium-term target. This is, in a way, the thing that is certain.

00:50You should not doubt for a second our determination to deliver, with the appropriate monetary policy,

00:57the 2% medium-term target. What we're seeing currently with this, you know, 2%

01:06projected inflation for 2025, around 2% for 2027, and 1.6 in 26 caused predominantly with our current

01:19assumption on the price of energy and the value of the euro, we have a good path to this target.

01:29And we'll make sure that we are... I don't mean to use the word oscillate or navigate, but it will be,

01:37you know, close navigation around our target. That's where we have to be and want to be.

01:43That's where we have to be.