Christine Lagarde, President of the European Central Bank (ECB), highlighted the complex journey towards achieving the ECB’s 2% inflation target during her address at the ECB Forum on Central Banking in Sintra on Tuesday. Despite recent rate cuts and signs of disinflation, Lagarde emphasised the uncertainties that still loom large over the euro area’s economic landscape. Speaking at a panel also featuring Federal Reserve Chair Jerome Powell, Lagarde explained the ECB’s decision to cut rates by 25 basis points in June. “We are very advanced in that disinflationary path,” she stated, noting that…