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المشهد العربي
Lagarde predicts inflation stays above target until 2027
The President of the European Central Bank, Christine Lagarde, expects inflation rates in the Eurozone to remain above the targeted 2% until the first half of 2027, due to rising energy costs influenced by conflicts in the Middle East and the Russia-Ukraine war. She explained that the increase in oil prices to around $105 per barrel and the rise in European natural gas costs have helped push inflation to high levels. She confirmed that raising interest rates was a logical step to combat inflation, with no discussion of future monetary policy paths.
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