(EU) ECB chief Lagarde: Inflation in Europe is far too high; Rates still have to rise significantly
- We have made it clear ECB rates will still have to rise significantly at a steady pace
- ECB will stay course to restore inflation goal
- major economies – led by the United States and China – are now increasingly using trade to limit the ambitions of geopolitical rivals. That could fragment world trade with potentially huge costs.
- These geopolitical winds are reshaping the second feature of this new map: supply. We are seeing strategic considerations becoming increasingly important in where suppliers are located.
- Missio is only accomplished when inflation back at 2%
- Full text of speech: https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230123_1~2d9786eedf.en.html