Economics
Lagarde Says Euro Gains Blunted Stimulus Boost to Inflation
- The ECB is ready to adjust instruments if needed, she repeats
- Currency rise will weigh on near-term inflation, Lagarde says
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President Christine Lagarde said the recent appreciation of the euro has partly offset the positive impact that the European Central Bank’s stimulus had in boosting inflation and reiterated that policy makers stand ready to adjust all of their instruments if needed.