Economics
ECB Tries to Soothe on Three-Decade-High Prices as Omicron Lurks
- Lagarde, Schnabel take to airwaves as inflation data spike
- Omicron shouldn’t change outlook much, Villeroy says
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European Central Bank officials took to the airwaves to reassure citizens facing a once-in-generation spike in inflation that the squeeze on living costs won’t last, while also expressing confidence that the omicron variant isn’t too much of a worry.