“The fact that we have paused interest rate increases does not mean that we will not proceed with further increases if necessary,” added the governor of the European Central Bank
“Greece is a success story, with a spectacular improvement in its economy, they agreed Lagarde and Stournarasat the press conference that granted after the meeting of the central bankers in Athens.
Underline, don’t you, how after regaining investment grade, Greek bonds are accepted without exceptions by the ECB, as is the case for all 20 eurozone countries.
“The fact that we have paused rate increases does not mean that we will not proceed with further increases if necessary»added her commander European Central Bank.
Lagarde called it “absolutely premature” to have any discussion about when interest rate cuts will beginas inflation remains high and puts pressure on markets and prices.
O Eurozone inflation is expected to decline further in the short term, after a significant drop to 4.3% in Septemberas last year’s effects from the large increases in energy and food prices will disappear, emphasized the president of the European Central Bank.
On the economy, Christine Lagarde said it is weak and will remain so until the end of the year, as investment declines and consumption weakens, also due to interest rate increases in previous months. “However, the strong labor market supports the economy,” he added.
As for the war Israel-HamasMs Lagarde said that the ECB closely monitors the developments that may occur in the economy.
Source: Skai
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