ECB’s Lagarde Tells Euro-Zone Leaders Price Slowdown to Continue

(Bloomberg) -- The easing in euro-area inflation is expected to persist, thanks to the effectiveness of monetary policy, European Central Bank President Christine Lagarde told euro-area leaders at a summit in Brussels, according to people familiar with the discussions.

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Lagarde also said:

• Growth is projected to pick up in the course of 2024, mainly driven by increasing purchasing power

• Economic resilience requires higher productivity, which needs higher capital investment

• The capital markets union will have to play a key role in that regard

• NOTE: The comments on growth and inflation are in line with the ECB’s latest economic outlook

• Read More: ECB’s Nagel Says Rate Cuts Won’t Be Automatic Once They Begin

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