2023-05-10 21:10:25
The President of the European Central Bank, Christine Lagarde, yesterday left the door open in the Japanese press to further rate hikes, in the face of inflation still deemed too high. Over the past nine months, the European monetary institution has “acted very deliberately and decisively to fight inflation” with seven rate hikes in a row until May, she recalled. However, she acknowledged that there was “still a long way to go”, suggesting that the guardians of the euro will have to further tighten the screw on credit, its favorite weapon, to reduce price pressures. Foodstuffs and a wide range of goods continue to see their prices rise. Inflation in the euro zone reached 7% in April, still sailing well above the 2% target set by the ECB. “There are factors that can induce significant upside risks to the outlook for inflation,” “in particular, with respect to wage increases in various European countries,” according to Ms. Lagarde.
The President of the European Central Bank, Christine Lagarde, yesterday left the door open in the Japanese press to further rate hikes, in the face of inflation still deemed too high. Over the past nine months, the European monetary institution has “acted very deliberately and decisively to fight inflation” with seven…
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