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 Mortgage Rates Rise in Early 2024, Homebuying Challenges Persist READ MORE Poll: Two-Thirds of Middle-Class Americans Struggle Financially READ MORE Evergrande's Liquidation: A Significant Turn in China's Property Crisis READ MORE Wall Street's Most Bearish Strategist Predicts 32% Stock Market Plunge by 2025 READ MORE Global Gold Demand Hits Eight-Year High in Q1, Fueled by Investment and Central Banks READ MORE Add a Comment Cancel replyYour email address will not be published.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