Global EconomyIMPORTANT

ECB's Lagarde says inflation has been rising predominantly, but not exclusively as a result of energy prices, adds we're not seeing any second round effects yet

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Lagarde discussed energy-related inflation, the absence of second-round effects so far, wage signals, French fiscal policy and 1.1% growth in 2026.

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Says: We cannot wait until they are in full view, but we can anticipate and look for hints. In Europe, you can see anticipation of wage increases through collective bargaining arrangements, and we're following those entry points. Responded that the primary and first solution lies in French fiscal policy, when asked about French debt. Growth is not brilliant, but 1.1% growth in 2026 is not bad.

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