Lagarde: Eurozone ‘Very Advanced’ on Disinflationary Path

The Eurozone is “very advanced” on the disinflationary path but there remain “question marks” hanging over the outlook for economic growth, European Central Bank President Christine Lagarde said on Tuesday.

“We’re very advanced on that disinflationary path,” Lagarde told the ECB’s annual Forum on Central Banking. “We are in that slow recovery that came about in the first quarter and which we hope will persevere but all of that is (fraught) with uncertainty and big question marks about the future.”

Key Quotes:

“We are very advanced in the disinflationary path.”

“Inflation is heading in the right direction.”

“We are very attentive to inflation components and services.”

“We don’t need to have services inflation at 2%.”