Lagarde minimizes second wave inflation concerns

The President of the European Central Bank, Christine Lagarde, stated that the current inflation shock in the Eurozone is significant but not enough to raise inflation expectations or impact the 2% target. She emphasized that the situation requires a careful adjustment of monetary policy and that there are no signs of inflation expectations spiraling out of control at this time, even though the shock appears less severe compared to the years 2021-2022.

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