European Central Bank President Christine Lagarde said eurozone inflation, driven in part by higher energy costs, has not yet produced the second-round wage effects that typically entrench price pressures. She signaled that the ECB will remain cautious as policymakers assess whether inflation, expected to move toward 4%, proves temporary or more persistent.
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"Lagarde Says Eurozone Inflation Has Not Yet Spurred Second-Round Wage Effects"
European Central Bank President Christine Lagarde said eurozone inflation, driven in part by higher energy costs, has not yet produced the second-round wage effects that typically entrench price pressures. She signaled that the ECB will remain cautious as policymakers assess whether inflation, expected to move toward 4%, proves temporary or more persistent.
Lagarde Says Eurozone Inflation Has Not Yet Spurred Second-Round Wage Effects
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RDU Global Wire
BFSI & Fintech Desk
New Delhi, India Just now (12:46 PM IST)•4 min read
European Central Bank President Christine Lagarde said eurozone inflation, driven in part by higher energy costs, has not yet produced the second-round wage effects that typically entrench price pressures. She signaled that the ECB will remain cautious as policymakers assess whether inflation, expected to move toward 4%, proves temporary or more persistent.
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