ECB President Christine Lagarde: Not seeing enough evidence underlying inflation is coming down

IT'S THE JURISDICTION OF THE MINISTRY OF FINANCE. >> PRESIDENT LAGARDE, HOW MUCH WOULD YOU LIKE TO SEE INFLATION MODERATE FROM THESE LEVELS WE'VE ALREADY SEEN A NICE MODERATION FOR YOU TO FEEL COMFORTABLE TAKING A PAUSE OR POTENTIALLY GOING THE OTHER WAY? >> WELL, THIS IS NOT WHAT WE'RE CONSIDERING AT THE MOMENT. OKAY BUT IF I LOOK BACK AT WHAT WE'VE COVERED, INFLATION WAS, I THINK, THE

HIGHEST READING WE HAD WAS 10.3%. WE ARE NOW AT 6.1%, HEADLINE CORE HAS MOVED A BIT DOWN, BUT WE ARE REALLY LOOKING AT BOTH HEADLINES, WHICH IS THE MEASUREMENT THAT WE HAVE AGREED IN OUR STRATEGY AND THAT IS VISIBLE FOR PEOPLE, FOR THE CONSUMERS OF EUROPE, BUT WE'RE ALSO LOOKING AT UNDERLYING INFLATION, AND ON THAT FRONT, YOU KNOW, WE ARE NOT SEEING ENOUGH TANGIBLE EVIDENCE OF

THE FACT THAT UNDERLYING INFLATION, PARTICULARLY THE DOMESTIC PRICES, ARE STABILIZING AND MOVING DOWN. SO, WE'RE LOOKING AT AS MANY MEASUREMENTS AS WE CAN BECAUSE WE WANT TO BE IN S