ECB's Lagarde Warns Inflation Likely to Persist in Near Term
Source Summary
European Central Bank President Christine Lagarde told Japan's Yomiuri Shimbun that inflation is likely to remain high in the near future. She noted that second-round effects of inflation have so far been no worse than anticipated.
Why it matters
The ECB president's assessment of persistent inflation and contained second-round effects directly informs expectations for eurozone monetary policy and price-stability outlook.
