Lagarde follows the script and maintains rates for the fourth consecutive meeting and aims for June. The disinflation process underway in the euro zone has allowed the European Central Bank (ECB) to improve its forecasts and offers greater confidence to the members of the Governing Council.
The ECB has improved its inflation projections for 2024 and 2025 due, fundamentally, to a lower contribution from energy prices, and now anticipates that the general rate will average 2.3% this year and fall to 2% in 2025.