ECB’s Lagarde Says Stagflation Isn’t the Base Case

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ECB’s Lagarde Says Stagflation Isn’t the Base Case
News & Feeds

ECB’s Lagarde Says Stagflation Isn’t the Base Case

Stagflation isn’t the most likely economic outcome for the euro area, even as the war in Ukraine slows growth and speeds inflation, according to European Central Bank President Christine Lagarde. “Stagflation isn’t our baseline scenario presently,” Lagarde told the Slovenian newspaper Delo in an interview published Saturday. “While extraordinarily large uncertainty could cause a slowdown in economic growth accompanied by high inflation, the current situation can’t be compared to that of the 1970s.” Central bankers are faced with contradictory forces as Russia’s invasion pushes prices higher while

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https://www.bnnbloomberg.ca/ecb-s-lagarde-says-stagflation-isn-t-the-base-case-1.1762388