The European Central Bank is more confident that inflation is going to settle at its target after a series of recent data releases, and will take that into account when it next sets policy, President Christine Lagarde said Monday.

Christine Lagarde said the European Central Bank is becoming more optimistic that it will be able to get inflation under control, and will reflect on that at its October interest-rate decision.Most Read from BloombergA 7,

At its September meeting, the ECB had cut its key deposit rate for a second time this year, taking it down to 3.50 percent from 3.75. However, Lagarde had indicated at the time that the Bank would probably wait until December before moving again, due to ongoing uncertainties around lingering inflation, especially in the services sector.