ECB's Lagarde says we haven't reached inflation peak
Tweet
Share
E-mail
President of European Central Bank (ECB) Christine Lagarde testifies before the Committee on Economic and Monetary Affairs (ECON), of the European Parliament, in Brussels, Belgium November 28, 2022. REUTERS/Johanna Geron
FRANKFURT (Reuters) - Euro zone inflation has not peaked and the risk is that it will turn out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday.
"We do not see the components or the direction that would lead me to believe that we've reached peak inflation and that it's going to decline in short order," Lagarde told the European Parliament.
"Whenever I ask my top-notch economists at the ECB ... about the risk, the answer that I get at the moment is (that) risk is to the upside, without qualifying the upside."
(Reporting By Francesco Canepa)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S. Army picks Hanwha defence unit for mobile artillery prototypes
- Harvard to pay $53 million to settle lawsuits over theft of body parts
- Pennsylvania governor signs order imposing new rules to set up AI data centers in state
Create E-mail Alert Related Categories
Forex, ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
