Lagarde warns against excessive tightening

Eurozone inflation declined sharply in May from 7% to 6.1% and core inflation declined to 5.3%

ECB president Christine Lagarde
Christine Lagarde

The European Central Bank could be approaching the end of policy normalisation, its president Christine Lagarde signalled in a speech today (June 1).

Official statistics released today showing headline eurozone inflation falling more than expected may reinforce the case for a more cautious approach to rate increases. The figures from the European Union’s statistical agency Eurostat showed inflation reaching 6.1% in May, from 7% in April.

Core inflation, excluding energy food and tobacco prices

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