ECB holds steady on rates amid Middle East conflict, inflation to hit target
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.8 Articles
8 Articles
The President of the European Central Bank (ECB) today warned that the economic situation of the euro area "continues to be fragile" due to the conflict in the Middle East, despite the agreement reached, and defended the recent "solid" increase in interest rates.
Higher prices for petrol, diesel, etc. continue to drive more and more prices in the economic cycle? Determined to take action against rising inflation caused by the Iran war – until last week, this was the route for many central bankers, including in Europe: Increase interest rates to counter this inflation. But now, ECB boss [...] The post ECB Lagarde is again saying no to further rising interest rates appeared first on financial marketwelt.de.
President of the European Central Bank defended the recent rise in interest rates.
The European Central Bank does not need to react more forcefully to the fallout from the Middle East conflict as inflation is expected to return to target in the medium term, President Christine Lagarde said.
This gives the ECB confidence that inflation will fall back to 2% from the current 3%, "with the right monetary policy measures," he said.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
