Euro zone inflation is "well on track" to hit the European Central Bank's 2% target next year, ECB President Christine Lagarde said on Friday, repeating the bank's most recent guidance.

"The incoming information on inflation shows that the disinflation process is well on track," Lagarde said at the International Monetary Fund's annual meeting in Washington.

"Recent indicators of economic activity have surprised somewhat to the downside and financing conditions remain restrictive," she said.

(Reporting by Balazs Koranyi; Editing by Toby Chopra)