ECB President Lagarde says climbing energy costs will push up input prices, may then be passed to consumer

Lagarde's comments highlight growing concerns about inflationary pressures driven by rising energy costs, signaling a potential impact on consumer prices. This dovish tone suggests the ECB is alert but may not take immediate action unless conditions warrant, which could keep the EUR under pressure and influence fixed-income markets as investors reassess rate expectations. The focus will likely be on how much these input cost changes affect consumer confidence and spending going forward.