ECB's Lagarde: We still have more ground to cover in fight against inflation

• There are factors that can induce significant upside risks to inflation outlook
• ECB has to be extremely attentive to potential risks, in particular wage increases
• We have moved in a very deliberate, decisive way to fight inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• But we still have more ground to cover
• We do not forecast a recession in our baseline projection for this year
• We are in a better position now than where we were six months ago

She's not giving much away and just reaffirms the narrative that more rate hikes are coming. We can very well expect two more 25 bps rate hikes to follow perhaps but a move to 4% may be a stretch too far - for now at least.