Measured ECB hikes to quell inflation remain appropriate, Lagarde says
21 Articles
21 Articles
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 …
Inflation in the eurozone has not yet led to dangerous secondary effects, so the moderate tightening of monetary policy by the European Central Bank remains justified, stated the ECB head, Christine Lagard, to the European Parliament Economic and Monetary Policy Committee. "We anticipate a further acceleration of inflation, but we do not yet see signs that it is becoming sustainable," she said. "At this stage there is no evidence that rising ene…
The president of the ECB defends the increase in rates against energy shocks and traces the next challenges of the EU. The digital revolution will redesign business costs and the labour market. The appeal in Brussels to mobilise capital and ensure the independence of the continent
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