The President of the European Central Bank (ECB), Christine Lagardehe said Thursday in the opening speech of his press conference after the monetary policy meeting, that inflationary pressures have widened and remain undesirably highwhich is a great challenge.
Featured Statements
Price pressures are becoming widespread across all sectors.
Short-term economic activity will be held back by high energy costs.
The war in Ukraine and recent closures in China have compounded supply chain problems.
The wage growth has started to pick up.
Early signs of above-target inflation expectations warrant monitoring.
The war in Ukraine is a major downside risk to economic growth, while risks to inflation are tilted mostly to the upside.
Source: Fx Street
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