The President of the European Central Bank, Christine Lagarde, believes that inflation is not close to having reached its peak.
I would like to see inflation, measured at 10.6% in October in the euro area, having peaked in October, but “I wouldn’t go as far as that”, said Ms Lagarde on Monday 28 November before the European Parliament’s Committee on Economic and Monetary Affairs, in response to a question by Pedro Silva Pereira (S&D, Portuguese). In her view, as long as the price...