ECB's Lagarde Affirms Long-Term Inflation Expectations Remain Aligned with Target

Deep News05-22 20:40

European Central Bank President Christine Lagarde stated that long-term inflation expectations remain largely in line with the 2% target, despite the deepening impact of the conflict in Iran.

Speaking to reporters following a Eurogroup finance ministers' meeting in Nicosia, Cyprus, she noted, "Although the energy crisis is driving up inflation and weighing on the economy, long-term inflation expectations remain well anchored overall."

She added, "The impact of this war on medium-term inflation and economic activity will depend on the intensity and duration of the energy price shock, as well as the scale of its indirect transmission effects."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment