ECB's President Lagarde says we're in a very different situation from 2022; there is currently such uncertainty that she cannot note what they will do on interest rates

• Europe has greater capacity to absorb shock.
• ECB will do everythng to keep inflation in check.

Lagarde's comments indicate a significant shift in the ECB's positioning compared to last year, reflecting current uncertainties around inflation and interest rates. Her emphasis on the ECB's capacity to absorb shocks suggests a more resilient outlook, but the lack of clarity on future rate actions could leave markets uneasy, particularly regarding bond yields and the euro's stability.