Frankfurt, 29 Oct. (LaPresse) – “Energy prices have risen further than envisaged in the ECB staff’s September projections. This is likely to push inflation even higher in the short term and keep headline inflation well above target in the coming quarters.” This was stated by the President of the European Central Bank, Christine Lagarde, at a press conference. “Thereafter, the decline in energy inflation, together with the effects of higher interest rates, should help bring inflation back to target,” she added.
ECB’s Lagarde: “Inflation well above target in the coming quarters”
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Frankfurt, 29 Oct. (LaPresse) – “Energy prices have risen further than envisaged in the ECB staff’s September projections. This is likely to push inflation even higher in the short term and keep headline inflation well above target in the coming quarters.” This was stated by the President of the European Central Bank, Christine Lagarde, at a press conference. “Thereafter, the decline in energy inflation, together with the effects of higher interest rates, should help bring inflation back to target,” she added.
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