Lagarde guarantees that the ECB “is aware” of the “suffering” caused by the increase in interest rates

Christine Lagarde assures that she is aware of the “pain and suffering” caused by the increase in interest rates but recalls - “our mission, our duty, is to bring inflation back to its objectives”.

Christine Lagarde, interest rates, BCE, | The leader of the ECB argues that the bank's mission is to “bring inflation back to its objectives in good time” despite recognizing the difficulties that families have experienced.

Interest rates in the eurozone have risen to 4.5% and may remain there if there are no other inflationary shocks, Christine Lagarde admitted this Monday in response to Pedro Marques MEP. The president of the ECB appeared before the European Parliament as part of yet another “monetary dialogue”

“Based on the current assessment, I believe that there is a substantial contribution to the return of inflation to the 2% objective in good time. Do we also have in mind the pain that this causes and the suffering that exists? Yes, we are aware, I can assure you,” said the leader of the European Central Bank (ECB), at a regular hearing at the Economic and Monetary Affairs committee of the European Parliament, in Brussels. Responding to a questio…

This was the tenth consecutive increase in interest rates by the European Central Bank

A presidente do Banco Central Europeu, Christine Lagarde, garantiu hoje estar "ciente" da "dor e sofrimento" causados pelo aumento das taxas de juro, no nível mais elevado de sempre da zona euro, mas insistiu na estabilidade dos preços. "Com base na avaliação atual, creio que existe um contributo substancial para que a inflação volte a atingir o objetivo de 2% em tempo útil. Será que também temos em mente a dor que isto provoca e o sofrimento qu…