ECB Expects Higher Inflation by 2027 and 2028 than Initially Estimated
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(Teleborsa) - During the hearing in the European Parliament the President of the European Central Bank Christine Lagarde defended the strategy on rates, responding to those who contest the rise because she does not face...
European Central Bank President Christine Lagarde took a softer tone in her speech to the European Parliament, easing some concerns about interest rates. Rising bond yields will hurt economic expansion and are also expected to limit the pass-through of higher energy costs to inflation, the ECB president said. Investors now see a less than 40% chance of a rate hike next month, Bloomberg reports.
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The President of the European Central Bank (ECB), Christine Lagarde, has argued before the European Parliament's Committee on Economic and Monetary Affairs (ECON) for the increase in interest rates agreed at the September meeting and has pointed out that the current scenario requires a "measured" response to prevent the price surge from ending up being consolidated in inflation.
European Central Bank President Christine Lagarde sent a signal for a cautious and gradual response to inflationary pressures, underlining that the rise in prices in the Eurozone has not so far led to dangerous second-round effects on wages and prices. During her hearing on Monday at the European Parliament's Economic and Monetary Affairs Committee in Brussels, Lagarde attributed the recent acceleration in inflation mainly to the rise in oil and…
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