Lagarde Backs Measured ECB Rate Hikes as Eurozone Inflation Rises to 3.2 Percent
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Eurozone inflation is expected to rise due to the energy crisis, but there is little evidence yet that higher energy prices are being passed on to the economy as broader price pressures, European Central Bank (ECB) President Christine Lagarde said.
The Head of the European Central Bank, Christine Lagarde, presented before the European Parliament's Committee on Economic and Monetary Affairs, how the ECB responded to the current challenges. Lagarde says that energy costs keep inflation high. But wages are not responding [...]
Lagarde backs measured ECB rate hikes as eurozone inflation rises to 3.2 percent
European Central Bank President Christine Lagarde has defended the ECB’s measured approach to raising interest rates, saying the latest inflation surge has not yet produced the broader second-round effects that would warrant a more aggressive tightening response. Speaking before the European Parliament’s Committee on Economic and Monetary Affairs in Brussels, Lagarde said the ECB expects […]
ECB raises inflation forecast: ECB Chief calls for more investment in AI
Yesterday, during a hearing of the European Parliament’s Committee on Economic and Monetary Affairs, European Central Bank President Christine Lagarde presented latest ECB’s inflation outlook, with inflation the outlook showing inflation going even higher and expected to remain above 2% until 2029. According to the ECB’s latest September projections, headline inflation is expected to average […]
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