ECB's Lagarde opening statement: Inflation pressures have broadened

• We will make sure inflation gets back to target over the medium term
• High inflation is a major challenge
• Conditions are in place for economy to continue to grow
• "inflation pressures have intensified"
• "inflation will remain undesirable elevated for some time"
• Governing council will retain optionality
• Initial signs of inflation expectations above target warrant monitoring
• The war is a big downside risk to growth
• Wage growth has started to pick up
• War and pandemic in China has made supply bottlenecks worse
• Near term activity is to be dampened by high energy costs
• If demand were to deteriorate it would dampen prices
• Risks to inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term primarily tilted to the upside
• Prices rises are becoming more widespread

The euro has extended gains to 1.0767 as her early comments and forecasts cross.