Lagarde Sees ECB’s Inflation Fight Going Well Ahead of Decision

European Central Bank chief Christine Lagarde reckons the fight against inflation is going well but the lack of a regional deal on fiscal rules is turning into a headache, according to people familiar with the matter.

In a call on Monday, she told the presidents of the European Commission, the European Council and the Eurogroup that the euro-zone economy faces stagnation for the next few quarters and downside dangers, though risks to prices have become more balanced, the people said, insisting on anonymity as the discussion was confidential.