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Lagarde minimizes inflation concerns
The President of the European Central Bank, Christine Lagarde, stated that the current inflation shock in the Eurozone is significant but not sufficient to raise long-term inflation expectations or cause serious effects. There are no indications so far of inflation expectations becoming unanchored or of a strong response from monetary policy. She pointed out that the current situation requires a carefully considered adjustment in monetary policy, despite the shock being less severe compared to the periods of 2021-2022, amid some economic challenges such as rising energy costs and supply chain issues.
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