Lagarde Says Would Be ‘Surprised’ If Euro-Zone Inflation Has Peaked
- Too much uncertainty to call top for price gains, she says
- Knot says ‘protracted period’ may be needed to meet price goal
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European Central Bank President Christine Lagarde said she’d be surprised if euro-zone inflation had peaked, suggesting the recent ramp-up in interest rates isn’t close to being over.
“I would like to see inflation having peaked in October, but I’m afraid that I would not go as far as that,” she told European lawmakers Monday in Brussels. “There is too much uncertainty, particularly in one component, that is the pass-through in high energy costs at wholesale level into retail level, to assume that inflation has actually reached its peak. It would surprise me.”