Bank of England Governor Andrew Bailey and European Central Bank President Christine Lagarde have both warned about the challenges of containing inflation. Bailey cautioned that the UK central bank may need to raise interest rates again due to the upside risks posed by food and energy costs to the inflation outlook. He also emphasized that it will take time to ensure inflation falls back to the 2% target. On the other hand, Lagarde stated that the ECB cannot declare victory over inflation yet and must remain attentive until inflation firmly heads back to the 2% goal. She also highlighted the need to be cautious about drawing hasty policy conclusions on inflation.
ECB'S LAGARDE WARNS AGAINST HASTY POLICY CONCLUSIONS ON INFLATION (Reuters) The European Central Bank has time now to assess how inflation responds to rate hikes but should not rush to quick conclusions about where policy should be going, ECB President Christine Lagarde said on… https://t.co/NSa4i4UWHj
The ECB can’t declare victory over inflation just yet and will have to remain attentive until it’s firmly headed back to the 2% goal, President Christine Lagarde warns https://t.co/4cjayzch3X
The ECB can’t declare victory over inflation just yet and will have to remain attentive until it’s firmly headed back to the 2% goal, President Christine Lagarde warns https://t.co/YN5jbtpABG
ECB’s Lagarde Says Too Early to Declare Victory on Inflation https://t.co/PkhDpEFtT2
⚠️ ECB'S LAGARDE WARNS AGAINST HASTY POLICY CONCLUSIONS ON INFLATION Full Story → https://t.co/4CGWqTRHFE The European Central Bank has time now to assess how inflation responds to rate hikes but should not rush to quick conclusions about where policy should be going, ECB… https://t.co/j2Ztvc6QBX
🔴 ECB'S PRESIDENT LAGARDE: WE CAN ACT IF WE SEE RISING RISKS OF MISSING THE TARGET.
🔴 ECB'S PRESIDENT LAGARDE: OUR ASSESSMENT IS THAT STRONG WAGE GROWTH MAINLY REFLECTS CATCH-UP EFFECTS RELATED TO PAST INFLATION, RATHER THAN A SELF-FULFILLING DYNAMIC.
🔴 ECB'S PRESIDENT LAGARDE: GIVEN THE SCALE OF OUR POLICY ADJUSTMENT, WE CAN NOW ALLOW SOME TIME FOR THEM TO UNFOLD.
🔴 ECB'S PRESIDENT LAGARDE: WE WILL NEED TO REMAIN ATTENTIVE UNTIL WE HAVE FIRM EVIDENCE THAT THE CONDITIONS ARE IN PLACE FOR INFLATION TO RETURN SUSTAINABLY TO OUR GOAL.
🔴 ECB'S PRESIDENT LAGARDE: OUR MONETARY POLICY IS IN A PHASE WHERE WE NEED TO BE ATTENTIVE TO THE DIFFERENT FORCES AFFECTING INFLATION — BUT WE ARE ALWAYS FIRMLY FOCUSED ON OUR MANDATE.
🔴 ECB'S PRESIDENT LAGARDE: WE EXPECT HEADLINE INFLATION TO RISE AGAIN SLIGHTLY IN THE COMING MONTHS.
🔴 ECB'S PRESIDENT LAGARDE: WE HAVE MADE THOSE FUTURE DECISIONS CONDITIONAL ON THE INCOMING DATA, MEANING THAT WE CAN ACT AGAIN IF WE SEE RISING RISKS OF MISSING OUR INFLATION TARGET.
🔴 ECB'S PRESIDENT LAGARDE: THE ENERGY AND SUPPLY CHAIN SHOCKS WHICH PLAYED A SUBSTANTIAL ROLE IN LAST YEAR'S INFLATION SURGE ARE NOW UNWINDING.
Bank of England policymakers warn that it will take some time to ensure inflation falls back to 2% https://t.co/81Bxeyls8n
BOE rate-setters warn it will take time to contain UK inflation https://t.co/UUwnQM4Srf via @LucyGJWhite https://t.co/94KT8sp7zO
Bank of England policymakers warn that it will take some time to ensure inflation falls back to 2% https://t.co/RTqR4xuIJh
Bank of England policymakers warn that it will take some time to ensure inflation falls back to 2% https://t.co/6TE7GRzDmL
BoE governor warns markets not to expect UK inflation to fall quickly https://t.co/Nyfdyj0I7W
BOE Governor Andrew Bailey warns that the UK central bank may have to raise interest rates again and that food and energy costs remain an upside risk to the inflation outlook https://t.co/eef5s3KQEF
BOE Governor Andrew Bailey warns that the UK central bank may have to raise interest rates again and that food and energy costs remain an upside risk to the inflation outlook https://t.co/jZPEoIeao6
BOE Governor Andrew Bailey warns that the UK central bank may have to raise interest rates again and that food and energy costs remain an upside risk to the inflation outlook https://t.co/8uoFykVjrW