ECB's Lagarde says energy shock and AI pulling inflation in opposite directions, tools still needed

ECB President Christine Lagarde says the current situation is made hard by the energy shock and AI pulling in opposite directions, and that it is very difficult to disentangle supply- and demand-driven shocks. She says inflation is likely to stay high in the near future and that it is still necessary to apply tools to avoid inflation running away.

Detected & updated continuously · Source: Nebula