Lagarde: The European Central Bank has reached its inflation target, but uncertainty still exists.

Jin10 data reported on September 20, the President of the European Central Bank, Lagarde, stated in an interview aired on Danish DRTV on Saturday that the European Central Bank has achieved its goal of controlling prices, but there is still uncertainty in the outlook despite reaching a trade agreement with the United States. After the EU and the US reached an agreement on tariffs, it became easier to predict how the situation will develop. However, the situation is not as clear as it was before Trump began imposing trade tariffs. Lagarde said, "The level of uncertainty has dropped by about 50%, which is a significant improvement, but there is still uncertainty, and everyone must find ways to cope with it." The European Central Bank maintained borrowing costs unchanged for the second time last week, after a total of eight rate cuts of 25 basis points within a year. ECB policymakers expect inflation to stabilize at around 2% after temporarily falling below the target level next year, and the economy is expected to gain momentum in the coming quarters. Several officials said they believe there is no need for further easing of monetary policy as long as the economy does not face a major shock. However, some officials suggested that further measures should not be ruled out.