2 December 2022 | Other

Lagarde from the ECB believes in the need to make inflation back to the target level

European Central Bank President Christine Lagarde stated that inflation expectations should not change. People should be confident that price growth will return to the target level.

On Friday in Bangkok, she said that even in conditions of uncertainty, central banks should follow monetary policy to keep expectations linked to the target level.

At a conference organized by the Bank of Thailand and the Bank for International Settlements, Lagarde said that the best thing central banks can do in current conditions is to inform the public that in all scenarios inflation will return to its medium-term target on time.

The last ECB meeting of the year will be on December 14-15. It is under everyone's attention, as officials will decide whether to raise interest rates for the third time in a row by 75 basis points or ease the rate to half a point. Last month, inflation slowed for the first time in 1.5 years, causing a small move.

At the beginning of the week, Lagarde said that a peak in price increases would cause her great amazement. At the same time, some of her opponents at the ECB say that they are worried about prematurely ending the campaign of bringing inflation back under control.

Company MarketCheese
Period: 26.03.2025 Expectation: 300 pips
Record US gas exports push domestic prices higher
Today at 10:31 AM 22
Period: 27.03.2025 Expectation: 43500 pips
News background and technical analysis data support buying ETHUSD up to 2,450
Today at 09:22 AM 23
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Period: 27.03.2025 Expectation: 2283 pips
Selling USDJPY due to new US economic forecasts
Today at 08:13 AM 34
Period: 25.03.2025 Expectation: 700 pips
Fed meeting may trigger EURUSD pullback to 1.083 level
Yesterday at 11:46 AM 64
AntonVolkov
AntonVolkov

Listed among the best MarketCheese authors
2nd in the segment "Metals"
Period: 15.04.2025 Expectation: 2120 pips
NVIDIA's share price decline is driven by lack of confidence in tech sector
Yesterday at 10:49 AM 33
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Indices" and "Metals"
2nd in the segments "Currencies" and "Oil and gas"
Brent sell
Period: 31.08.2025 Expectation: 600 pips
Selling Brent crude oil down to $68 per barrel
Yesterday at 10:02 AM 22
Go to forecasts