Downturn in Eurozone will worsen, warns Lagarde ...News

Inflation across the bloc likely hasn’t peaked, according to the European Central Bank Inflation in the euro area has not peaked and is likely to surge even higher than currently expected, European Central Bank (ECB) President Christine Lagarde warned on Monday. According to Lagarde, it’s hard to tell whether inflation, which hit a record 10.6% in annual terms last month, would come down soon in the bloc of 19 countries that use the euro currency. “I would like to see inflation having peaked in October, but I’m afraid that I would not go as far as that,” she told EU lawmakers in Brussels. “There is too much uncert

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Downturn in Eurozone will worsen, warns Lagarde ...News

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