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Lagarde flags upside inflation risks and downside growth risks amid high uncertainty
The ECB president says economic resilience should continue into the third quarter, even as risks to inflation and growth pull in opposite directions.
Published
The balance Lagarde struck does not mark a shift from the ECB's recent tone. Her comments on inflation echo those of colleagues including Makhlouf and Rehn, who have signalled that rates may stay higher for longer. The uncertainty she stressed leaves room for further tightening if inflation pressures do not ease, keeping alive the case for another move later this year.