Lagarde: ECB has more ground to cover than Fed - Breaking The News

Lagarde: ECB has more ground to cover than Fed

15 December

1 min read

EPA-EFE/RONALD WITTEK

European Central Bank President Christine Lagarde said on Thursday that the ECB has "more ground to cover" to bring inflation down than the United States Federal Reserve.

She stressed that today's monetary policy decision by the ECB is "not a pivot" and that it will remain committed to and not slow down its fight against inflation.

Lagarde said it is likely that the Eurozone inflation rate will decelerate in December, but it will rise again in January and February, with food and energy price rises remaining persistent.

fed ecb lagarde

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