Economics

Lagarde Says ECB Will Act at ‘Right Time’ But Only Gradually

President addresses European Parliament in Strasbourg
ECB can’t fill pipelines with gas, Lagarde tells session

Christine Lagarde
Photographer: Andreas Arnold/Bloomberg

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By Alexander Weber

February 14, 2022 at 12:05 PM EST

Updated on

February 14, 2022 at 12:27 PM EST

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European Central Bank President Christine Lagarde repeated that officials won’t rush to remove stimulus in the euro region as she sought to highlight the limits of their powers at a time of volatile prices.