© 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, September 9, 2021. REUTERS/Kai Pfaffenbach
FRANKFURT (Reuters) – Many of the drivers of the recent spike in euro zone inflation are temporary and due to fade in the next year, European Central Bank President Christine Lagarde said in an interview aired on CNBC on Friday.
“We think that there will be a return to much more stability in the year to come because many of the causes of higher prices are temporary,” Lagarde said. “When you look at what’s causing it, a lot of it has to do with energy prices”.
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.