European Central Bank (ECB) President Christine Lagarde struggled to find a balance between expressing the Governing Council’s concern about record high inflation and justifying the status quo on monetary policy. She refused to say whether the monetary institute would act on its key rates in 2022, as expected by the markets. At the next meeting of the Governing Council on Thursday 10 March, euro area central bankers will have new economic data to take stock of the situation.
“Inflation...