President of the European Central Bank (ECB), Christine LagardeThis Wednesday he reiterated that Interest rates will remain restrictive in the Eurozone The time required for inflation to fall to 2% in the medium term.
The ECB’s decisions on interest rates depend on the inflation outlook, the development of underlying inflation, Lagarde said at the opening of a conference on monetary policy organized by the organization itself. discount energy And food Because they are more volatile, the power of rate increases reaches the real economy.
“We now consider that the ECB’s guiding interest rates have reached levels that, if sustained for a long enough period, will contribute significantly to bringing inflation back to our medium-term target,” Lagarde said. he added.
ECB has increased interest rates since July last year Up 450 basis points to 4.50% and deposit opportunity up to 4%.