Lagarde Speech: Higher Inflationary Pressures Stem From Weaker Euro

Christine Lagarde, President of the European Central Bank (ECB), delivers his speech on the outlook for monetary policy and answers questions following the bank’s decision to raise policy rates by 75 basis points after the September monetary policy meeting.

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“Gas disruptions reinforce slowdown.”

“Weak global demand is also weighing on growth.”

“The slowdown in the economy will cause a certain increase in the unemployment rate.”

“The labor market has remained robust.”

“Oil prices are expected to moderate, wholesale gas will remain high.”

“Supply bottlenecks push up inflation.”

“The higher inflationary pressures also stem from a weaker euro.”

Source: Fx Street

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