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ECB’s Lagarde keeps door open to higher inflation By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – Christine Lagarde (ECB President) speaks during a conference discussing the outcomes of the Governing council meeting. It took place in Frankfurt, Germany on September 9th, 2021. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) – Inflation in the euro zone could exceed the European Central Bank’s already raised projections but there are few sings of this already happening, ECB President Christine Lagarde said on Monday.

According to Christine Lagarde, inflation can be weaker than anticipated if the economic activity is affected by tightening restrictions. But there are other factors that may lead to higher price pressures than what’s currently predicted,” she explained to lawmakers at European Parliament.

We are not seeing any evidence of this risk yet, so our baseline scenario for inflation remains below our target over medium-term,” she said.

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