Lagarde Warns Euro-Area Inflation Will Stay Elevated as Middle East Conflict Keeps Energy Prices Volatile

3 articles · Updated · Bloomberg · Sep 13

Christine Lagarde said euro-area inflation will remain elevated for some time, calling the current price shock more persistent than expected.
The ECB president linked that outlook to the continuing Middle East conflict, which she said should keep energy prices under pressure and volatile.
Lagarde added that the same rise in energy costs also threatens weaker growth, underscoring the tradeoff now facing the euro area.

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