The president of the ECB believes that the monetary institution can guarantee that inflation does not persist in the European Union.
The European Central Bank (ECB), committed to monetary tightening to fight inflation, must do everything it can to prevent the effects of price rises from becoming “embedded” permanently, its president, Christine Lagarde, said on Tuesday. .
In an economic environment deeply disturbed by the effects of the pandemic and the war in Ukraine, “monetary policy cannot avoid the first effects of many of these shocks. But you can guarantee that they do not take root. C is what the ECB does,” Christine Lagarde said in a speech in Frankfurt.
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Source: BFM TV
