Lagarde Expects Eurozone Inflation to Continue to Rise as a Result of the Energy Shock.
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Eurozone inflation is likely to remain elevated for longer than initially expected as the war with Iran continues to put pressure on energy prices, European Central Bank President Christine Lagarde said, according to Bloomberg. “The current shock will be longer-lasting,” Lagarde said in an interview with Ouest-France. Here, at the Épreville-en-Lieuvin apple festival hosted by Hervé Morin, president of the Normandy regional council, she said the …
Christine Lagarde heads the bank that determines monetary policy in the 21 countries belonging to the eurozone. Her recent statements indicate that elevated inflation will not disappear anytime soon, and this is already having consequences for borrowers, among others.
European Central Bank President Christine Lagarde said that inflation in the eurozone will remain high for some time, as the Middle East war continues to have an impact on energy prices. Lagarde - in press releases - added that the current shock will continue for a longer time, the Middle East conflict continues, and the ECB anticipates continued fluctuations in energy prices [...] The article . . . . . . . . . . . . . . . . . . . . . . . . . . …
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