ECB can review inflation goal once it’s achieved, Lagarde says

The European Central Bank can discuss changing its 2% inflation goal but only after it brings down inflation to that level, ECB President Christine Lagarde said on Monday.

“At the moment… there is absolutely no reason to change that 2% medium-term objective,” Lagarde said at the Council on Foreign Relations in New York.

“Once we get there, once we are confident that is stays there, we can discuss.”