Lagarde: ECB 'Hopefully' On Target to Meet 2% Inflation

The video discusses the European Central Bank's (ECB) progress in reducing inflation and its goals for 2025. It highlights the challenges the ECB faces in maintaining a 2% inflation rate, especially compared to the Federal Reserve. The discussion includes expectations for inflation rates in 2024 and 2025, and the potential impact of monetary policy changes. The ECB's upcoming strategic review is also covered, which will redefine price stability. Key risk factors such as energy prices, trade wars, and economic uncertainties, including the influence of Donald Trump, are examined. The potential impact of these factors on European inflation and competitiveness is analyzed.

What challenges does the ECB face in maintaining inflation at the target level?

What potential risks to inflation are associated with a trade war between the United States and Europe?