The European Central Bank President, Christine Lagarde, has suggested that the institution's efforts to combat inflation are coming to an end, although they have not yet been fully successful.

Lagarde addressed European lawmakers in Brussels and emphasized that while progress has been made, there is still work to be done before the ECB can claim victory over inflation.

Lagarde's comments indicate a cautious sense of optimism as the ECB shifts its focus towards future economic conditions, departing from its more reactive approach in recent years.

The outlook for economic growth remains uncertain, underscoring the challenges that policymakers will face in navigating the post-inflation landscape.