— Interest rates have now reached a level that, if they remain for a longer period of time, it will bring inflation down to our target as soon as possible, Lagarde says in the interview, thus repeating the ECB’s message in connection with the latest interest rate statement.
— We want to bring inflation down to 2 percent and we will succeed, she adds.
In July 2022, the ECB’s deposit rate was at a record low of minus 0.5 percent, but after a series of interest rate increases, the rate is now at 4.00 percent.