off-the-wire

ECB's Lagarde says inflation more likely to ease but risks both ways

Kitco Media
By Reuters
Published:
Updated:
Reuters
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FRANKFURT, April 19 (Reuters) - Euro zone inflation is likely to decline further and the European Central Bank may cut interest rates if its long-standing price growth criteria are met, ECB President Christine Lagarde said on Friday.

"At the same time, the Governing Council is not pre-committing to a particular rate path," Lagarde said, repeating the bank's most recent guidance.

"Risks to the inflation outlook are two-sided," she said. "Upside risks include heightened geopolitical tensions, as well as higher wage growth and more resilient profit margins than anticipated."

Reporting by Balazs Koranyi; Editing by Kevin Liffey

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