Lagarde: Indirect inflation effects emerging
Christine Lagarde's remarks focused on the impact of rising energy prices, which are beginning to indirectly affect various sectors of the economy. She issued warnings about the risks of wage hikes and underlying inflation. The European Central Bank indicated that interest rates are still rising and that there is readiness to take further measures to contain inflation, despite concerns about how this might affect economic growth. This comes amid the repercussions of the war in the Middle East and the temporary agreement between the United States and Iran over the Strait of Hormuz.
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