ECB’s Lagarde Sees No Clear Evidence Core Inflation Has Peaked

“The latest available data suggest that indicators of underlying inflationary pressures remain high and, although some are showing signs of moderation, there is no clear evidence that underlying inflation has peaked,” Lagarde told European lawmakers.

“Underlying inflationary pressures remain high.”

“No clear evidence that underlying inflation has peaked.”

“Wage pressures have strengthened further.”

“Decisions will continue to be based on our assessment of the inflation outlook in the light of the incoming economic and financial data, the dynamics of underlying inflation and the strength of monetary policy transmission.”

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