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Central Banks

Lagarde Reiterates ECB Well Placed But Monitoring Oil Swings

Christine Lagarde

Photographer: Alex Kraus/Bloomberg

Takeaways 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.