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ECB PRESIDENT REAFFIRMS COMMITMENT TO INFLATION TARGET

European Central Bank (ECB) President Christine Lagarde reaffirmed on Friday morning that the ECB will do whatever it takes to achieve its inflation target.

“We must maintain price stability, and we are fully committed to the inflation goal,” Lagarde stated.

She also emphasized that the euro area’s economic system needs to become more efficient before the euro can strengthen its role as a global currency.

Additionally, Lagarde stressed the need for the European Union to further reduce internal trade barriers and simplify regulatory frameworks to support economic performance.

The ECB is set to hold its next monetary policy meeting in late July, amid growing indications that interest rates may be kept at the current level of 2.15% throughout the summer.

Let's hope the ECB's strategies lead to sustainable growth and a stronger euro. Reducing trade barriers and simplifying regulations could truly make a difference!