TREE NEWS update: European Central Bank President Christine Lagarde said most measures of core inflation are broadly stable, with long-term inflation expectations anchored near 2%. Wage trackers point to a moderate rise in the first half of 2027, and core inflation is expected to keep rising into early 2027 before slowing in 2028. Headline inflation should return close to target around the end of 2027.
Lagarde: Most Core Inflation Measures Broadly Stable
AI take
Lagarde's emphasis on broadly stable core measures, rather than the headline path, is the signal worth noting: it suggests the ECB is treating the projected rise into early 2027 as a hump to look through, not a reason to tighten. The wage tracker reference matters most, since it is the slowest-moving input and the one that would force a rethink if it accelerates. Whether that moderation in 2028 actually materializes is the open question.
Generated by AI for reference only.
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