War on inflation, Christine Lagarde announces her willingness to continue with the policy of raising interest rates. “Inflation is very high today and will stay that way for a long time. We are determined to bring it back to our mid-term target of 2% in a timely manner. That’s why we’re raising rates at the fastest pace ever – and making it clear that we still have room to get interest rates tight enough.” ECB President Christine Lagarde said during a speech in Hanover.
We need to continue our bullish cycle until we are confident enough that inflation is on track to return to our target in a timely manner. At the same time, we need to carefully assess the strength of the transmission of monetary policy to financing conditions, the economy and inflation.
Source: IL Tempo
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
