On October 20-22, by the banks of Shanghai's Huangpu River, the 2026 Sustainable Global Leaders Conference will return once again. Nobel laureates and Turing Award winners will take the stage to discuss the future and trends of technology, and the internet-famous professor who "rescues" people from anxiety and the era of involution — Michael McFarlane — will hold a live dialogue with Xiang Biao.
Limited seats available, first come first served. Let us embark together on this journey toward sustainability! [Click to Register] European Central Bank President Christine Lagarde said that the high inflation in the euro area caused by elevated energy prices has not yet affected the broader economy.
Speaking at an event on the sidelines of the International Monetary Fund annual meetings in Bangkok, she said ECB officials are determining "the extent to which indirect effects are transmitting through the economy and how we can best predict whether second-round effects will emerge."
Lagarde said on Wednesday, "We have not yet seen any such signs at this point, but we must be extraordinarily careful to ensure that subtle signs and indicators of such second-round effects can be detected."
When asked about the outlook for interest rate hikes, Lagarde continued to use the ECB's standard language, emphasizing that the central bank is "in a good position" and is taking "measured and prudent action."
She said, "Our monetary policy depends on data and is decided on a meeting-by-meeting basis. We will examine all the data very carefully. We will focus on the 2% medium-term target, which remains under consideration at present."
She said the ECB "will pay extremely close attention" to this inflation target.
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