Lagarde: Eurozone Inflation Will Stay High
The statements by European Central Bank President Christine Lagarde focused on the continued rise of inflation in the euro area for some time. She anticipated fluctuations and pressures on energy prices due to the Middle East conflict and the destruction of refining capacities worldwide, particularly in Russia. She explained that the energy price shock could persist longer than expected, threatening economic growth, with inflation now exceeding 3%. Lagarde also indicated that the bank recently raised interest rates for the second time, with further increases expected to bring inflation back down to around 2% in the future. Additionally, she discussed high asset valuations in the artificial intelligence sector and the risk of cyclical trading dangers.
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