Eurozone consumer prices ease slightly but Lagarde says ECB's work 'is not done'

The ECB will meet again this month to discuss the roadmap of further interest rate reductions.

ECB president Christine Lagarde: 'We need to remain vigilant.' Picture: AP/Michael Probst

The European Central Bank (ECB) doesn’t yet have sufficient evidence that inflation threats have passed, president Christine Lagarde and her top economist said — feeding expectations that officials will take a break from cutting interest rates this month.

With the eurozone job market robust, the ECB has time to assess incoming information, Ms Lagarde said Monday in Sintra, Portugal, where she opened the ECB’s annual central-banking forum.