News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

ECB's Lagarde: Inflation drivers will ease gradually in 2022

01/20/2022 | 02:58am EDT
European Central Bank President Lagarde addresses the European Parliament in Strasbourg

PARIS (Reuters) - Inflation in the euro zone will decrease gradually over the year as its main drivers, such as surging energy prices and supply bottlenecks, are expected to ease, European Central Bank (ECB) head Christine Lagarde told France Inter radio.

"This will stabilise and ease gradually in the course of 2022," she said.

Asked on her policy to counter price pressures, Lagarde reiterated that the ECB did not need to act as boldly as the U.S. Federal Reserve because of a different economic situation.

"The cycle of the economic recovery in the U.S. is ahead of that in Europe. We thus have every reason not to act as rapidly and as brutally that one can imagine the Fed would do," she said, adding that inflation, too, was higher in the U.S.

"But we have started to react and we obviously are standing ready, to react by monetary policy measures if the figures, the data, the facts demand it," she said.

In the interview, Lagarde also commented on recent trends in euro zone yields as Germany's 10-year Bund, viewed as the primary benchmark, rose above 0% for the first time since 2019.

"If the yields rise again, this means that the fundamentals of the economy are improving", Lagarde said.

(Reporting by Tassilo Hummel; Editing by Sudip Kar-Gupta)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRITISH POUND / EURO (GBP/EUR) 1.00% 1.18231 Delayed Quote.-2.07%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.66% 0.758213 Delayed Quote.7.43%
EURO / US DOLLAR (EUR/USD) -0.31% 1.01552 Delayed Quote.-9.80%
INDIAN RUPEE / EURO (INR/EUR) 0.19% 0.012442 Delayed Quote.4.15%
Latest news "Economy & Forex"
01:07pWall Street rises as traders temper bets on aggressive rate hikes
RE
01:05pFDIC probing Voyager's marketing on deposit accounts safety - WSJ
RE
01:02pMFE secures control of 83% of Mediaset Espana after tender offer
RE
01:02pFed's Bullard sees continued U.S. economic growth
RE
12:46pSouth African rand recovers slightly ahead of key U.S. data
RE
12:46pSouth African rand recovers slightly ahead of key U.S. data
RE
12:45pU.S. EXIM Bank chief plans 'aggressive' marketing push, eyes steady volume growth
RE
12:43pForecasters hold outlook for 2022 hurricane season steady -Colorado State
RE
12:42pWheat rebounds 4% as recession jitters abate
RE
12:41pBoE's Pill will consider bigger rate rises if needed
RE
Latest news "Economy & Forex"