European Central Bank (ECB) President Christine Lagarde said on Thursday in the opening remarks of her post-meeting press conference that inflationary pressures have broadened and remain undesirably high, which is a major challenge, reported Reuters. Moreover, price pressures are becoming more widespread across sectors, she added.
Near-term economic activity is to be dampened by high energy costs, she noted, noting that the war in Ukraine and recent lockdowns in China have made supply chain snags worse. Wage growth has started to pick up, Lagarde continued, and the initial signs of inflation expectations above target warrant monitoring. The war in Ukraine is a big downside risk to economic growth, while risks to inflation are primarily tilted towards the upside.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.