Lagarde desires to maintain the brakes engaged for an extended period.

The central bank's approach to controlling the money supply and interest rates. - Lagarde desires to maintain the brakes engaged for an extended period.

Christine Lagarde, President of the European Central Bank (ECB), has cautioned against anticipating prompt additional interest rate decreases following the most recent rate adjustment. In a piece for the "Rheinische Post," she maintains that Eurozone inflation is "currently on track to achieve the goal of 2% by the end of this term," but warns that it will "still take some time before inflation is permanently eradicated from the economy." In her article, Lagarde emphasizes that "vigilance, action, and perseverance" are essential to maintain this trajectory.

"Consequently, rates must remain curtailed until it's necessary to maintain long-term price stability," she stated. In her words, "This means we need to keep our foot on the pedal for a little while longer, although not quite as firmly as before." Lagarde emphasizes the importance of sustained monitoring, as "our future monetary policy decisions will hinge on whether inflation returns to its target promptly, economic pressure decreases, and our monetary policy effectively mitigates inflation" - key factors that will determine when "it's time to loosen the pedal further."

The ECB slashed its key interest rate by 0.25 percentage points on Thursday, its first reduction following a hike in interest rates to address inflation.

Read also:

1. Despite the recent interest rate cut by the ECB, Christine Lagarde urges patience, as inflation is still expected to persist in the European economy.
2. In a piece for the Rheinische Post, Lagarde underscores the need for vigilance, action, and perseverance to maintain the current trajectory of inflation towards the 2% goal.
3. Lagarde emphasizes that monetary policy decisions will depend on whether inflation returns to its target promptly, economic pressure decreases, and the policy effectively mitigates inflation.
4. In Düsseldorf, the ECB's President stated that interest rates must remain curtailed until it's necessary to maintain long-term price stability, as the economic situation continues to evolve.
5. Inflation in Europe is currently on track to reach the 2% target by the end of Lagarde's term, but prices still need to be closely monitored to ensure the economic situation remains under control.
6. The European Central Bank's monetary policy continues to play a crucial role in managing inflation and interest rates, with Lagarde advocating for careful and sustained action to maintain a stable economic environment.

• Opel has been manufacturing automobiles for a staggering 125-year duration.
• Few cars weigh under a ton in present times.
• Lack of snow also opens up new opportunities for winter tourism
• Abrupt end to e-car subsidies