FRANKFURT—The European Central Bank still sees a recent rise in euro zone inflation to above its 2 percent target as temporary and expects price pressures to ease next year, ECB President Christine Lagarde said on Thursday. She acknowledged the decline would take longer than ECB had initially expected but said favourable financing conditions created by…
‘Inflation, Inflation, Inflation’ Still Seen as Temporary, Lagarde Says
ECB’s Lagarde Says Many Causes of Inflation Spike Are Temporary
September 24, 2021
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FRANKFURT—Many of the drivers of a recent spike in euro zone inflation are temporary and due to fade in the next year, European Central Bank President Christine Lagarde said. Euro zone prices have been rebounding faster than expected as the economy reopened after pandemic-induced lockdowns, and several ECB policymakers think inflation will be close to,…
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