Lagarde: The Central Bank will ensure that the inflation rate in the Eurozone remains at 2%.

Jin10 Data reported on September 1st that European Central Bank President Lagarde stated that the European Central Bank has achieved price stability and will take all necessary measures to control inflation in the Eurozone. In an interview on Monday, she mentioned that inflation has reached the 2% target. The remarks were made ahead of an upcoming inflation report, which is expected to confirm the European Central Bank’s assessment that price pressures in the Eurozone are under control. Economists predict that the inflation reading will be 2%, consistent with the Central Bank’s target. The market generally expects that policymakers will keep interest rates stable at another meeting in less than two weeks, as many have already expressed satisfaction with the current 2% interest rate level. Investors are no longer certain if there will be more rate cuts this year, although economists still believe there will be a final rate cut in December.