Lagarde says ECB policy is likely to stay loose in 2022

Christine Lagarde
European Central Bank

European Central Bank president Christine Lagarde has said he central bank is likely to keep policy accommodative in 2022, despite rising eurozone inflation.

In October, year-on-year eurozone inflation, measured by the Harmonised Index of Consumer Prices, rose by 4.1% – the highest level since 2008. This is well above the ECB’s 2% target.

Nonetheless, Lagarde made clear “the conditions to raise rates are very unlikely to be satisfied next year”. In a speech today (November 19), she added that

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