Economy
Christine Lagarde warns against hasty decision on ECB rate cuts
European bank chief said that singled out salaries as ‘an increasingly important driver of inflation dynamics in the coming quarters’
Christine Lagarde, the president of the European Central Bank (ECB), cautioned against rushing into interest-rate cuts as rising salaries become an ever-more significant driver of inflation.
While disinflation is set to continue gradually in 2024, Lagarde told European Union lawmakers Thursday in Brussels that risks remain and policymakers need more assurance that price gains are headed back to the 2 per cent target.
“The last thing that I would want to see is us making ...