Frankfurt (Germany), (EFE).- The president of the European Central Bank (ECB), Christine Lagarde, insisted on Monday that they are going to raise interest rates significantly more at a sustained pace.

Lagarde told the annual reception for Deutsche Börse, manager of the Frankfurt Stock Exchange, that interest rates still need to “raise significantly at a sustained pace until they reach sufficiently restrictive levels and stay at those levels for as long as necessary.”

“A great challenge facing Europe is the environment of high inflation,” according to the ECB president.

“Inflation in Europe is too high, partly because of our vulnerability to the changing geopolitics of energy. Disengaging from Russia last year pushed euro zone energy inflation up to extraordinary levels,” Lagarde added in his speech.

He also highlighted that while energy inflation falls, core inflation rises more, therefore it is vital that inflation rates above the ECB’s target of 2% do not become entrenched in the economy.

“We must lower inflation and we will meet this objective,” added the ECB president.

He also recalled that in less than half a year the ECB has raised its key interest rates by 250 basis points, the fastest increase in the history of the ECB.

Free Bigo Live Diamond Hack & Diamond Generator [Unlimited]
free bingo credits for bingo blitz
free unused nintendo eshop codes 2023
smmbaba free instagram followers and likes app
vc glitch on 2k22
THE 6 BEST PAYMENT APPS OF 2023 THE BALANCE
pet master free spins daily links that you can use 2023
free playstation card codes generator
spotify gift card online generator ceotudent
stumble guys flying hack
free coins for tiktok hack
walmart free gift card with phone purchase
bigo live unlimited diamond hack tool apk [MQ]
how do you get free credits on bingo blitz
free nintendo switch games codes no survey
instagram followers generator 2023 updated
2k22 myteam locker codes vc
25 PROVEN WAYS TO EARN FREE PAYPAL MONEY IN 2023
pet master spins generator no human verification
free psn codes generator 2023
how to get a free trial of spotify premium web browser android
WORKING UPDATED Stumble Guys Gems Generator Unlimited
fast free tiktok coins generator hack 2023 app ios android no
free $200 walmart gift card
BIGO FREE DIAMONDS DETAILS START GG
free bingo blitz free credits
free nintendo wii u eshop gift card codes
free instagram caption generator copy ai
2k22 locker codes vc new
FREE PAYPAL GIFT CARD GENERATOR CODES 2023 KNOT ATLAS
pet master free spins link
psn card generator no survey
spotify gift card generator free spotify codes
BIGO LIVE FREE DIAMONDS GENERATOR FREE DELIVERY HACKERRANK
BINGO BLITZ CHEATS FREE CREDITS 2023 GENERATOR HACKS NO VERIFICATION
free unused nintendo eshop codes
instagram followers generator 2023 updated

By bfrpx

Leave a Reply

Your email address will not be published. Required fields are marked *

}