ECB inflation goal in sight but fight not over, Lagarde says

'We also know that inflation will rise in the coming months, simply because of base effects'

The European Central Bank (ECB) is pictured prior to a press conference on the eurozone's monetary policy, in Frankfurt am Main, western Germany on March 16, 2023. (Photo by Daniel ROLAND / AFP) (Photo by DANIEL ROLAND/AFP via Getty Images)

Euro-area consumer-price growth is headed toward the European Central Bank’s 2% goal, but the fight hasn’t yet been won, according to President Christine Lagarde.

“The objective is in sight, but I am not going to tell you that inflation is under control,” she said in an interview with Le Monde published Thursday.