European Central Bank President Christine Lagarde reiterated on Friday that the bank's commitment to price stability remains unwavering and that the drivers of inflation are expected to ease over the course of the year. Lagarde said that the ECB will take any measures necessary to ensure that we deliver on our inflation target of 2.0% over the medium-term, and that monetary accommodation is still needed for inflation to settle at the 2.0% target over the medium-term. Lagarde added that higher prices have been cutting into household incomes and denting confidence, while supply bottlenecks are leading to shortages in ... (full story)

Before I begin my remarks, I would like to take a moment to honour the memory of President David Sassoli. Like all who knew him, I was deeply saddened by his loss, and I would like to remember him with the words he said in his inaugural speech as President of the European Parliament: “Europe still has much to say if we can all speak with one voice”. His commitment to Europe, and to all Europeans, will be greatly missed. I am very grateful for the chance to speak today with parliamentarians from across the EU. Almost 27 years ago to the day, also while inaugurating a French EU presidency, President François Mitterrand s ... (full story)