ECB hits inflation target but Lagarde warns of lingering uncertainty

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Christine Lagarde, the President of the European Central Bank (ECB), stated that the bank has achieved its aim of controlling prices. However, Lagarde pointed out that even with this, there are still some uncertainties about the future. During an interview with Danish broadcaster DRTV that aired on Saturday, September 20, the ECB president urged other banks to make sure their interest rates focus on a target inflation level, which, according to her, they aimed at and now have successfully achieved. Lagarde acknowledges uncertainty, sparking debate   The future has become predictable since the European Union struck a deal with the US on raising tariffs. Yet, it is surrounded by more uncertainties than in the era when US President Donald Trump began implementing his trade taxes. Concerning this, Lagarde shared an analysis highlighting that from where they were, the level of uncertainty has decreased by around 50%, marking a significant improvement. However, she expressed that uncertainty still exists and called on everyone to cope with it. In the meantime, reports from reliable sources revealed that the ECB kept borrowing costs steady for the second time last week after actively applying strategies to reduce them by a quarter-point eight times over the year.  After witnessing the ECB’s achievement, officials have speculated that inflation will settle at the 2% target after a slight decline next year. Additionally, they expect economic growth to revive in the forthcoming months. These remarks were made after several officials expressed that, in the current situation, they believe additional easing is unnecessary unless the economy faces a profound impact. On the other hand, some have highlighted that they feel that additional measures should be ruled out. Analysts speculate no further cuts this cycle amid ECB’s recent decision The ECB’s decision to keep borrowing costs steady for the second time was triggered…