ECB President Lagarde saidroulettecasinoblackjackbaccaratpokerpokiesgambling, given consumer pricesroulettecasinoblackjackbaccaratpokerpokiesgamblingThe rapid rise of China's economy has been basically contained, and interest rates are likely to be cut next month.
She said,"If the data we receive strengthens our confidence, we will achieve 2% inflation in the medium term, which is our goal, our mission, and our responsibility. There is a good chance that we will take action on June 6."
"I do believe that we have inflation under control," she said."Our forecasts for next year and the year after are very, very close to the target, if not reaching it." So I believe we have entered the control phase."
The actions officials will take next time they formulate policy have been widely advertised. Deposit rates, which have been at a record high of 4% since last fall, are expected to be cut by 25 basis points, and investors expect the same action again in September, with the possibility of a final action in 2024 in December.
Governing Council members refused to commit to an interest rate path, a view Lagarde expressed in an interview. However, many people have said that market bets may be similar to their own ideas.
