Lagarde Says ECB May Hike Rates at Several More Meetings

The transcript discusses the process of moving towards a neutral rate as part of normalization, aiming for a 2% inflation target. It emphasizes a meeting-by-meeting decision-making approach based on data, considering potential recession impacts and future projections. The ultimate goal is to determine the rate that achieves the inflation target, acknowledging that the path may require adjustments beyond initial expectations.

What does the speaker mean by 'normalization process'?

What is the ultimate destination that the speaker wants to reach regarding the inflation target?

What is the significance of the 2% inflation target mentioned by the speaker?

How does the speaker describe the process of deciding on rate increases?

What factors will influence the decision on rate increases according to the speaker?