Economics

Lagarde Faces Widening Split at ECB Over Europe’s Inflation Path

  • Some policy makers warn of more protracted price pressures
  • Governing Council set to overhaul stimulus tools in December
Christine Lagarde speaks to the media during a news conference in Frankfurt, on Oct. 28.Photographer: Alex Kraus/Bloomberg
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A rift is opening at the European Central Bank over how rapidly monetary policy should respond to stubbornly high inflation.