💨 Abstract

ECB President Christine Lagarde has highlighted the growing unpredictability of inflation due to events like the COVID-19 pandemic and Russia's invasion of Ukraine. She advocated for considering extreme scenarios in economic assessments and communicating them to the public. Lagarde noted that supply disruptions have led to more frequent price changes, reflecting a structural shift. The ECB's 2% inflation target has been met, with May’s annual price increases at 1.9%,

Courtesy: WTOP Staff