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ECB's Lagarde says we are more likely to face shocks in the coming years that push inflation away from target

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ECB's Lagarde says we are more likely to face shocks in the coming years that push inflation away from target

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CRUDE WRAP: WTI (Q6) SETTLES USD 1.52 HIGHER AT 70.75/BBL; BRENT (U6) SETTLES USD 1.31 HIGHER AT 73.91/BBL

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  • The resilience Europe has built means the rate hike effects on the economy are more contained.
  • Resilience means ECB can raise rates to address inflation without fear that it becomes a source of financial stress.

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