FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, March 12, 2020. REUTERS/Kai Pfaffenbach
January 14, 2022
FRANKFURT (Reuters) – The European Central Bank remains confident that inflation will fall this year but stands ready to adjust policy to get to this goal, ECB President Christine Lagarde said on Friday.
“We understand that rising prices are a concern for many people, and we take that concern very seriously,” she said after price growth hit 5% last month, more than twice the bank’s 2% target.
“Our commitment to price stability remains unwavering,” she said in a speech. “We will take any measures necessary to ensure that we deliver on our inflation target of 2% over the medium term.”
(Reporting by Balazs Koranyi; Editing by Francesco Canepa)
Source: One America News Network
