ECB ready to do more if inflation becomes sticky, Lagarde says
2022.11.04 05:58
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© Reuters. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde speaks during a news conference following the ECB’s monetary policy meeting in Frankfurt, Germany October 27, 2022. REUTERS/Wolfgang Rattay
FRANKFURT (Reuters) – The European Central Bank is ready to tighten monetary policy faster if the current, high inflation takes hold and expectations surge, ECB President Christine Lagarde said on Friday.
“If we were to see, for example, inflation becoming more persistent and expectations being at risk of de-anchoring, we could not wait until the full impact of the policy measures materialises,” Lagarde said in a speech in Estonia.
“We would need to take additional actions until we are more confident that inflation will return to target in a timely manner,” she added.
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