© Reuters. FILE PHOTO: President of the European Central Bank (ECB) Christine Lagarde speaks as she takes part in a news conference on the outcome of the Governing Council meeting, in Frankfurt, Germany, October 28, 2021. REUTERS/Kai Pfaffenbach
FRANKFURT (Reuters) – Euro zone wage demands remain modest enough to support the European Central Bank’s expectation for inflation to decline this year from its current record high, ECB President Christine Lagarde said on Friday.
Speaking to a World Economic Forum panel, Lagarde said that energy prices are expected to stabilize in 2022 and industrial bottlenecks, which have also pushed up prices, could also ease.
Euro zone inflation hit 5% in December, more than twice the ECB’s 2% target but the bank sees it back below 2% by the fourth quarter.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.