Lagarde Says Euro-Area Inflation, Growth Risks Have Eased in Less Than 3 Weeks
Updated
Updated · Bloomberg · Jul 1
Lagarde Says Euro-Area Inflation, Growth Risks Have Eased in Less Than 3 Weeks
3 articles · Updated · Bloomberg · Jul 1
Summary
Less than three weeks after the ECB’s June 11 rate increase, Christine Lagarde said risks to euro-area inflation and growth are now less pronounced.
The shift suggests pressure from the Iran war’s energy-cost shock has moderated since the ECB became the first G7 central bank to raise rates after four months of increases.
Lagarde’s remarks point to a less acute outlook for the euro area, though they stop short of signaling any new policy move from the ECB.