ECB President Lagarde forecasts weak Eurozone growth but expects improvement and falling inflation by mid-2025.

ECB President Christine Lagarde stated that while Eurozone growth will be weak in the short term, it is expected to improve. She noted that inflation will rise temporarily this quarter but should fall to target levels by mid-next year. Lagarde emphasized that the ECB will not pre-commit to specific interest rates, maintaining a data-dependent approach. The EUR/USD exchange rate slightly dropped following her remarks.

4 months ago
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