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المشهد العربي
Lagarde affirms inflation impact control in Eurozone
The President of the European Central Bank, Christine Lagarde, confirmed that the high inflation in the eurozone this year has not yet resulted in significant secondary effects, as the current monetary policies are considered appropriate to control price pressures. Although the inflation rate has exceeded 3% and is expected to approach 4% by the end of the year, Lagarde emphasized that the primary driver of rising prices is the increase in oil and gas prices due to geopolitical tensions. She stated that the bank is not observing any indications of inflation turning into structural pressures or triggering a wave of wage increases resulting from energy price hikes. Lagarde also reaffirmed that the economic situation requires a gradual response to maintain inflation control, acknowledging that there are future upside risks due to economic uncertainty.
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