Lagarde: We are winning a battle at the moment

<ul><li>I think we have passed the hardest and worst bit of inflation</li><li>That doesn't mean we will have a smooth inflation decline</li><li>I see eurozone inflation at 1.9% in 2025</li><li>I cannot give a date when interest rates may go down</li><li>I think rates have reached their peak</li></ul><p>Given the lags in monetary policy, that 2025 forecast is important for rates in the back half of this year.</p><p>h/t to Paul for the meme.</p>

This article was written by Adam Button at www.forexlive.com.