European Central Bank President Christine Lagarde said today that the eurozone is likely to remain weak until the end of this year.
Lagarde explained to the European Parliament that high interest rates and slowing demand are hindering economic development.
Lagarde confirmed her familiar position on monetary policy, and the ECB Governing Council expects key interest rates to remain at the current level for a long enough period to restore price stability.
According to the” German”, the ECB expects prices to stabilize at an inflation rate of 2 percent in the medium term.
It is noteworthy that inflation has been kept more high for a long time due to the Russian war against Ukraine, but recently it has fallen again, reaching 2.9 percent last October.
