ECB Still Has ‘More Ground to Cover,’ Lagarde Tells Nikkei
- Inflation outlook could face ‘significant upside risks’
- Officials are stressing that there are more hikes to come
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The European Central Bank’s fight with inflation isn’t over and more action is still required, according to President Christine Lagarde.
While inflation is well down from its double-digit peak, the outlook could face “significant upside risks,” Lagarde told Japan’s Nikkei newspaper in an interview published Wednesday. The ECB must be particularly attentive to wage pressures, she said.