Lagarde Says Eurozone Inflation Shock Will Last Longer
8 Articles
8 Articles
The war in Iran has triggered the cost of energy. And this threatens the rest of the stock market. The rise in ECB rates aggravates access to mortgages and therefore housing. More information: The ECB warns of 5.4% inflation if oil and gas skyrocket and warns that Spain must adjust its spending in 2027
Eurozone inflation is likely to remain elevated for longer than initially expected as the war with Iran continues to put pressure on energy prices, European Central Bank President Christine Lagarde said, according to Bloomberg. “The current shock will be longer-lasting,” Lagarde said in an interview with Ouest-France. Here, at the Épreville-en-Lieuvin apple festival hosted by Hervé Morin, president of the Normandy regional council, she said the …
Christine Lagarde heads the bank that determines monetary policy in the 21 countries belonging to the eurozone. Her recent statements indicate that elevated inflation will not disappear anytime soon, and this is already having consequences for borrowers, among others.
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