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ECB Still Has ‘More Ground to Cover,’ Lagarde Tells Nikkei

From bnnbloomberg.ca

The European Central Bank’s fight with inflation isn’t over and more action is still required, according to President Christine Lagarde. While inflation is well down from its double-digit peak, the outlook could face “significant upside risks,” Lagarde told Japan’s Nikkei newspaper in an interview published Wednesday. The ECB must be particularly attentive to wage pressures, she said. “We have moved in a very deliberate and decisive way in order to fight inflation,” Lagarde said. Even so, “we still have more ground to cover.” After slowing the pace of its unprecedented monetary-tightening campaign last week, the ECB ... (full story)

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  • Category: Fundamental Analysis