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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.
By RDU Global Wire4 min read