ECB on track but job not done: Lagarde

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January 17, 2024 3:49 AM EST

European Central Bank (ECB) President Christine Lagarde attends a Eurozone finance ministers meeting in Brussels, Belgium January 15, 2024. REUTERS/Yves Herman/File Photo

(Reuters) - The European Central Bank is on track to get inflation back to its 2% target but victory has not yet been won, ECB President Christine Lagarde told Bloomberg TV in Davos on Wednesday.

Lagarde said it would be in the "late spring" when the ECB gets data from this year's collective wage agreements which could then give it a good idea of where household incomes and therefore inflation is going.

She declined to push back on market bets for six rate cuts this year but said that if investors are mispricing its future moves, that could be counterproductive to the fight against inflation.

(Reporting by Balazs Koranyi; Editing by Andrew Heavens)


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