Stock Groups

ECB’s Lagarde does not see risk of stagflation -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO. Christine Lagarde, President of European Central Bank addresses a press conference after the meeting of the Governing Council on Monetary in Frankfurt (Germany), March 10, 2022. Daniel Roland/Pool via REUTERS/File Photo

BERLIN, (Reuters) – The European Central Bank is not expecting the conflict in Ukraine to lead to stagflation within the Euro zone even if higher oil prices cause inflation to rise. President Christine Lagarde said this on Saturday.

“Incoming data don’t point to a material risk of stagflation,” Lagarde said in an interview with Phileleftheros published by the ECB on its website.

Lagarde indicated that the growth rate in the euro zone could drop to 2.3% under a dire scenario due to war in 2022. In all other scenarios, inflation should decrease to levels close to the bank’s 2 % target for 2024.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]