Mmastodon WorldEU Politics first seen 3 h ago, last 31 min ago, peak #6

ECB's Lagarde says rising eurozone inflation not entrenched

Original: ⚡ NEWS ECB's Lagarde: Eurozone Inflation to Rise but Not Entrenched ECB President Christine Lagarde stated that while eu

European Central Bank President Christine Lagarde said eurozone inflation is expected to rise because of the energy crisis, but there is little evidence so far that higher energy costs are feeding into broader price pressures. She emphasised that the expected increase does not signal entrenched inflation, seeking to reassure markets and households about the medium-term price outlook.

Why now: Markets and the public are watching the ECB's stance as energy costs push eurozone inflation higher.

Christine LagardeEuropean Central BankEurozone

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Evidence

• ⚡ NEWS ECB's Lagarde: Eurozone Inflation to Rise but Not Entrenched ECB President Christine Lagarde stated that while eurozone inflation is expected to rise due to the energy crisis, there is currently little evidence of higher energy costs feeding into broader price pressures… · GeoWire · 3

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