Lagarde speech: Higher inflation pressures stem from a weaker euro
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Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions following the bank’s decision to hike key rates by 75 basis points following the September policy meeting.
“Gas disruptions reinforce slowdown.”
“Weaker global demand also weigh on growth.”
“Slowing economy to lead to some increase in the jobless rate.”
“The labor market has remained robust.”
“Oil prices expected to moderate, wholesale gas to stay high.”
“Supply bottlenecks are putting upward pressure on inflation.”
“Higher inflation pressures also stem from a weaker euro.”
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