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ECB’s Lagarde Says Inflation Hasn’t Peaked, May Surprise

Started by Epoch-Times-Bot, Nov 29, 2022, 09:30 AM

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Epoch-Times-Bot

Nov 29, 2022, 09:30 AM
ECB's Lagarde Says Inflation Hasn't Peaked, May Surprise

FRANKFURT—Eurozone inflation has not peaked and it risks turning out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday, hinting at a series of interest rate hikes ahead.
Her comments, along with remarks by Dutch central bank chief Klaas Knot earlier, were likely to dampen speculation that the ECB was about to take a gentler path with future rate increases.
Inflation in the eurozone hit a record 10.6 percent on an annualized basis last month, but economists polled by Reuters expect it to edge down to 10.4 percent in a flash reading for November due to be published this week....

Source: ECB's Lagarde Says Inflation Hasn't Peaked, May Surprise

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