Lagarde: Inflation is expected to not fluctuate significantly, the Central Bank is in a favorable position.

Jin10 data reported on October 3, the President of the European Central Bank, Lagarde, expressed satisfaction with the current policy setting, as inflation in the eurozone remains generally stable. “We are in a favorable position, and we must ensure that we continue to be in this favorable position,” she said in an interview with Finland's MTV OY broadcast on Friday, echoing previous views. “There is no pre-set rhythm.” Despite policymakers having cut interest rates eight times, economists and markets now expect the European Central Bank to keep rates unchanged for the remainder of the year. Inflation has stabilized around the ECB's target of 2%, although it saw a slight rebound last month. “We expect inflation will not fluctuate significantly,” Lagarde said. “We must take the necessary measures to fulfill our mission,” she stated, adding, “We have already done a lot.”