ECB ‘cannot declare victory yet’ over inflation – Lagarde

President stresses rates will need to be higher for longer to defeat persistent inflation

ECB president, Sintra 2023
Christine Lagarde speaking at the ECB forum in Sintra on June 27

The European Central Bank faces more persistent inflation, so “we cannot waver, and we cannot declare victory yet”, said ECB president Christine Lagarde today (June 27) at the central bank’s annual conference in Sintra.

After well over a year with inflation clearly over the 2% target, and despite the progress recorded in the last eight months, the ECB needs to push rates higher and maintain them at the peak rate for longer, warned Lagarde.

“Our job is not done,” the president stressed.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account