The President of the European Central Bank (ECB), Christine Lagarde, justified, on Thursday 15 February, the Governing Council’s position of keeping the main key rates unchanged until the objective of price stability is achieved on a lasting basis (see EUROPE B13336A14).
“We are confident that the disinflation process is continuing” and that price rises are returning to a path in line with the medium-term target of 2%, Ms Lagarde said at the last monetary dialogue with the European...