Measured ECB hikes to quell inflation remain appropriate, Lagarde says
48 Articles
48 Articles
Lagarde argued that higher productivity via AI can reduce costs and price pressures, while the ECB tries to contain an inflation that returned to 3.2% in August.
Lagarde Advocates a Moderate ECB Response and Sees High Interest Rates Limiting Growth and Inflation
The energy shock must keep inflation high in the euro area, but there is still no sign that its effects are spreading across the economy, and therefore a moderate response from monetary policy is appropriate, said the President of the European Central Bank (ECB), Christine Lagarde, before a committee in the European Parliament. Lagarde stressed that higher public debt yields must limit economic growth and inflation.
Measured ECB hikes to quell inflation remain appropriate, Lagarde says
The President of the European Central Bank (ECB) believes that the moderate monetary response in the euro area has been adequate, something evidenced by the absence of second-order effects on inflation and well-founded expectations. Christine Lagarde argued to MEPs at a hearing this Monday in the European Parliament that the energy issue continued to be the main driver of prices, recognizing that inflation pressure is still strong. Still, we do …
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