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ECB Will Take Steps to Damp Inflation, Lagarde Assures EU Chiefs

  • Central bank chief briefed gathering in Brussels on Friday
  • Officials will ensure transmission of policy, she says
Christine Lagarde on day two of the European Union leaders summit at the European Council headquarters in Brussels, Belgium, on Friday, June 24, 2022.

Christine Lagarde on day two of the European Union leaders summit at the European Council headquarters in Brussels, Belgium, on Friday, June 24, 2022.

Photographer: Valeria Mongelli/Bloomberg

The European Central Bank will take the required steps to tame undesirably high inflation, President Christine Lagarde told European leaders on Friday, according to people familiar with the matter.

Attending a summit of European Union leaders in Brussels, she explained how the fallout from Russia’s invasion of Ukraine is weighing on the euro area’s growth because of high energy costs, uncertainty and supply bottlenecks.