ECB's Lagarde: Services Inflation Need Not Hit 2% for Rate Cut Considerations European Central Bank President Christine Lagarde has stated that services inflation doesn’t need to reach the 2% target for the ECB to consider interest rate cuts. While overall euro-zone inflation has moderated to 2.5%, services inflation remains high at 4.1%, largely due to wage pressures. Lagarde emphasized the need to balance goods and services inflation and consider the lagged impact of Europe’s labor system on wages. This stance suggests a more nuanced approach to monetary policy, potentially allowing for rate cuts even if services inflation remains above target. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Heraeus Outlines Four Bullish Indicators for Gold's 2024 Outlook READ MORE The 'Cash Trap': High Interest Rates Lure Investors, but for How Long? READ MORE Teen Workforce Grows as Inflation Pressures Family Budgets READ MORE Silver Surges to August Highs as Bullish Trend Resumes READ MORE RBI Relocates 100 Tons of Gold from UK to India, More Expected READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment