The President of the European Central Bank, Christine Lagarde, addressing the European Parliament plenary session on Monday 26 February during the debate on the European Parliament’s annual report on the ECB’s annual report (see EUROPE B13357A10), gave an overview of the macroeconomic situation and highlighted that inflation had fallen slightly to an annual rate of 2.8% in January in the euro area (see EUROPE B13357A28). Core inflation excluding energy, food, alcohol and tobacco has...