Inflation Shock

On March 22, the President of the European Central Bank, Christine Lagarde, said that the inflation shock is affecting the European economy, and the potential inflationary momentum remains strong. Inflation must and will be reduced to target levels. Monetary policy will be guided by inflation prospects and transmission effects. Interpretation of this information: In her recent statement, the President of the European Central Bank, Christine Lagarde, spoke about the impact of an inflation shock on the European economy. She highlighted that inflationary momentum remains potent and that steps must be…