ECB President Lagarde: Core inflation indicators are consistent with the 2% target, and the inflation outlook is more uncertain than before.

On October 30, ECB President Lagarde delivered a speech.

In terms of inflation, core inflation figures are consistent with the 2% target. The inflation outlook is more uncertain than before, and a stronger euro could further reduce inflation.

Wage tracking indicators show that wage growth will slow down in 2025 and the first half of 2026.

Some of the downside risks facing economic growth have been mitigated. The U.S. trade agreement and ceasefire agreement have eased economic downturn risks. The global trade policy environment remains unstable. At the current juncture, there will not be too many complaints about growth issues (in the euro area economy).

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