Lagarde: ‘Inflation Will Remain High in the Coming Quarters’

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Inflation will remain high in the foreseeable future, says ECB President Christine Lagarde in an interview with a Japanese newspaper. "Inflation will remain high in the coming quarters," she said, among other things, in the interview with the newspaper Yomiuri Shimbun. "The higher the inflation is, and the longer it remains high, the greater the risk."

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A new increase in interest rates could further burden borrowers.

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European Central Bank (ECB) President Christine Lagarde believes inflation figures will remain high in the coming quarters, and the higher and longer the inflation lasts, the greater the risks for the ECB. Record inflation puts further pressure on the ECB to raise interest rates. The public debt situation in France complicates the ECB's interest rate decision. The Fed and the ECB face less pressure in their October interest rate decision.

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Christine Lagarde, president of the European Central Bank (ECB), pointed out that "significant changes" would be needed to deter officials from raising interest rates again in December, when the agency reconvenes, this during an interview with a Japanese media.