Posted 11/10/2023, 2:33:00 PM
Lagarde: Euro zone inflation could rise soon as base effects fade
- Euro zone inflation could tick up in coming months due to base effects wearing off Lagarde
- ECB interest rates held at current level for several quarters could still get inflation to 2% target Lagarde
- Rapid fall in inflation to 2.9% reinforced expectations of ECB rate cuts starting in April
- Lagarde warns quick disinflation may be ending soon, price growth could accelerate
- Even with flat energy prices, losing base effect in Jan/Feb will lift inflation Lagarde