European Central Bank President warns that the energy supply crisis increases the risk of inflation.
European Central Bank President Lagarde said at a meeting titled "European Central Bank and Its Observers" held in Frankfurt, Germany on the 25th that the Eurozone's economic outlook is facing new uncertainties due to disruptions in energy supply caused by the US military strike on Iran. Despite the rise in inflation risks, the European Central Bank will "unconditionally safeguard the medium-term inflation target of 2%." Lagarde said that the Eurozone's inflation rate in February was 1.9%, close to the target, but new geopolitical shocks have quickly changed the situation.
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