Lagarde Says Manufacturing Weakness Is a Drag on Growth

The video discusses the euro area's moderate economic growth, highlighting challenges in the manufacturing sector. Despite subdued inflation, there are signs of underlying inflation increase. Monetary policy measures support favorable financing conditions, aiding consumer spending and investment. The need for accommodative monetary policy is emphasized to support inflation pressures. The Governing Council is prepared to adjust policies to ensure inflation aligns with targets.

What are the expected developments in inflation according to the text?

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How does the Governing Council plan to ensure inflation moves towards its aim?

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