Lagarde Warns Inflation Will Persist Above Target Through Mid-2027

European Central Bank (ECB) President Christine Lagarde announced that headline inflation will remain above target into the first half of 2027. This prediction comes after the ECB's decision to raise interest rates for the second time since February, when the Iran war began.

Lagarde made this statement during a press conference following the central bank's rate hike announcement. She emphasized that inflation will continue to be higher than desired until at least mid-2027.