ECB President Lagarde Sees Inflation Remaining High in Near Future

European Central Bank (ECB) President Christine Lagarde indicated in an interview published last Saturday that inflation is expected to stay elevated in the coming quarters. She noted that second-round effects are currently not exceeding projections. Lagarde emphasized that prolonged high inflation poses a greater risk to the ECB's medium-term target and stated that the central bank would scrutinize the detailed breakdown of October's core inflation data to inform future interest rate decisions.