Lagarde: Inflation to stay well above target into 2027

 European Central Bank (ECB) President Christine Lagarde said on Thursday that she expects inflation to stay "well above target" into the first half of next year, driven by rising energy prices amid the war in the Middle East.

Lagarde stated that the Iran crisis is also set to have an impact on food, goods, and services prices, but stressed the ECB expects inflation to return to target in the second half of 2027, supported by falling energy prices and a slower increase in other prices.

The ECB head warned that the Middle East war remains a "major source of uncertainty" and pointed out that the longer energy prices stay high, the more likely it is to drive inflation higher.

https://breakingthenews.net/Article/Lagarde:-Inflation-to-stay-well-above-target-into-2027/66488433