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ECB's Lagarde says the energy shock and AI themes makes the current situation difficult
ORIGINAL · NewsquawkECB's Lagarde says the energy shock and AI themes makes the current situation difficultRead originalHide original
Still necessary to apply tools to avoid inflation from becoming entrenched. Energy costs are the primary driver of inflation being too high. Don't expect US tariffs to be revisited right away.
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Lagarde said energy costs are the primary driver of excessively high inflation, tools remain necessary to prevent entrenchment, and US tariffs are not expected to be revisited right away.
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Still necessary to apply tools to avoid inflation from becoming entrenched. Energy costs are the primary driver of inflation being too high. Don't expect US tariffs to be revisited right away.
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