Central Banks
Lagarde Reiterates ECB Well Placed But Monitoring Oil Swings
Christine Lagarde
Photographer: Alex Kraus/BloombergTakeaways by Bloomberg AI
The European Central Bank is well placed to tackle “exceptionally high” uncertainty but will closely watch gyrations in commodities markets as tensions in the Middle East flare, President Christine Lagarde said.
Addressing European lawmakers in Brussels, Lagarde said inflation is set to stabilize around the 2% goal and risks to economic growth remain tilted to the downside.