- ECB's Lagarde: Soft landing not guaranteed for European economy
Market news
1 July 2024
ECB's Lagarde: Soft landing not guaranteed for European economy
European Central Bank (ECB) President Christine Lagarde expressed a need for caution from the ECB late Monday, highlighting that downside risks remain a threat despite a firm labor market.
Key highlights
A Soft landing for the euro zone economy is not guaranteed.
It will take time to be certain that inflation is on track.
A strong labour market means we have time to gather information.
The strong labor market allows the ECB to gather enough data.
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