The President of the European Central Bank (ECB), Christine Lagarde, reiterated on Friday that they won’t let high inflation take holdas reported by Reuters.
Additional comments
“The path of rates going forward will be different depending on the contingencies we face“.
“We have to raise rates to levels that allow us to reach our inflation target of 2% in the medium term“.
“If we were to see, for example, inflation becoming more persistent and expectations at risk of becoming unanchored, we would need to take further action.”
“We are seeing a faster and stronger transmission of these price shocks.”
“Historical evidence suggests that slowing growth should not be expected to dent inflation.“.
“Salaries are likely to catch up to some extent with higher inflation.
Source: Fx Street
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