Economy

ECB can review inflation goal once it’s achieved, Lagarde says

ECB can review inflation goal once it's achieved, Lagarde says
© Reuters. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde speaks during a news conference following the ECB’s monetary policy meeting in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker

FRANKFURT (Reuters) – The European Central Bank can discuss changing its 2% inflation goal but only after it brings down inflation to that level, ECB President Christine Lagarde said on Monday.

“At the moment… there is absolutely no reason to change that 2% medium-term objective,” Lagarde said at the Council on Foreign Relations in New York.

“Once we get there, once we are confident that is stays there, we can discuss.”

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