Backdrop to energy shock ‘more benign’ than in 2022 – Lagarde
ECB president says it is still too early to tell if rates will have to rise in response
The Middle East energy crisis is unfolding against a better backdrop than the one that prevailed four years ago, Christine Lagarde has said.
In a speech opening the European Central Bank Watchers Conference in Frankfurt today (March 25), the ECB president outlined the macroeconomic conditions against which the energy price spike was likely to unfold over the coming months.
The ECB was considering three responses to the crisis, she said. The first would involve leaving rates unchanged, as a change
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