ECB's Lagarde Warns Inflation Will Remain Above Target Through 2027

European Central Bank President Christine Lagarde announced in a press conference that headline inflation will remain 'well above target' into the first half of 2027.

The comment came after the ECB raised interest rates for the second time since the start of the Iran war in February.

Lagarde's statement suggests that the ECB is prepared to take further action to combat rising prices, which have been a major concern for the bank and governments across Europe.