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ECB's Lagarde says we haven't reached inflation peak

11/28/2022 | 09:49am EST
ECB President Lagarde testifies before the ECON committee of the European Parliament, in Brussels

FRANKFURT (Reuters) - Euro zone inflation has not peaked and the risk is that it will turn out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday.

"We do not see the components or the direction that would lead me to believe that we've reached peak inflation and that it's going to decline in short order," Lagarde told the European Parliament.

"Whenever I ask my top-notch economists at the ECB ... about the risk, the answer that I get at the moment is (that) risk is to the upside, without qualifying the upside."

(Reporting By Francesco Canepa)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.03% 0.6475 Delayed Quote.1.97%
BRITISH POUND / EURO (GBP/EUR) 0.11% 1.1203 Delayed Quote.0.32%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.01% 0.688549 Delayed Quote.0.33%
INDIAN RUPEE / EURO (INR/EUR) 0.08% 0.011182 Delayed Quote.-0.36%
US DOLLAR / EURO (USD/EUR) 0.10% 0.918333 Delayed Quote.-1.46%
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