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Lagarde reiterated that the European Central Bank is in a "good position".
Jin10 reported on July 24 that Lagarde reiterated her previous statement that the European Central Bank is "in a good position" as forecasts show medium-term inflation stabilizing around the 2% target. She added that wages are developing in the ideal direction, corporate profits are cushioning the impact of higher salaries, and the European Central Bank has observed that "economic growth is unfolding in a relatively favorable manner."