ECB’s Lagarde Expresses Confidence in Current Rate Policy Amid Economic Resilience

Christine Lagarde, President of the European Central Bank, affirmed the appropriateness of recent interest rate decisions in an interview with Slovak broadcaster JOJ24. "The interest rates we settled on at the last meetings are, in my view, set correctly," she stated, highlighting the ECB's strengthened position following successful inflation containment.

While acknowledging potential risks from U.S. tariff policies and global supply chain disruptions, Lagarde noted diminishing threats to price stability. Eurozone inflation now hovers NEAR the ECB's 2% target, with the economy demonstrating unexpected resilience against external pressures.

December's policy meeting is unlikely to yield rate changes, though quarterly forecasts could reignite debate should inflation projections fall short of targets. ECB Vice President Luis de Guindos recently characterized the probability of undershooting inflation goals as "limited," reinforcing the institution's confidence in its current policy framework.