ECB Won’t Allow Repeat of Last Inflation Shock, Lagarde Says

The European Central Bank will ensure the war in Iran doesn’t inflict the same inflation pain on the euro zone as Russia’s invasion of Ukraine did, according to President Christine Lagarde.

“We are in an economic situation that’s different, we are in a better situation and we have a greater capacity to absorb shocks,” she told France 2 on Tuesday. “We will do all that is necessary to ensure inflation is under control and French and Europeans don’t suffer the same inflation increases like those we saw in 2022 and 2023.”