EU's Dombrovskis Sees ECB Rate Response to Inflation Shock

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The President of the European Central Bank (ECB), Christine Lagarde, said Friday that the expectations for long-term inflation in the euro area remain "highly anchored, but warned that the current energy crisis caused by developments in the Middle East continues to fuel inflation and affect the European economy. In this context, analysts expect the ECB to increase interest at the next monetary policy meeting scheduled for 11 June.