WORLD ECB's Lagarde vows to counter 'undesirably high' inflation

WORLD

ECB's Lagarde vows to counter 'undesirably high' inflation

AFP

16:39, June 28, 2022

President of the European Central Bank Christine Lagarde looks on during the Eurogroup meeting at the EU headquarters in Luxembourg on June 16, 2022. (Photo: AFP)

The European Central bank will go "as far as necessary" to fight inflation that is set to remain "undesirably high" for "some time to come", its president said Tuesday.

Soaring inflation is "a great challenge", ECB President Christine Lagarde said in a speech at the bank's annual conference on monetary policy. "We will go as far as necessary to ensure that inflation stabilises at our two-percent target over the medium term."

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue