The European Central Bank has raised interest rates by a total of 2.5 percentage points since July in a bid to stem the historic rise in inflation, and has promised further monetary tightening at its upcoming meetings at a time when expectations of long-term price growth above the 2 percent target begin.
Newspaper quotes "Yutarny are not" Croatian Lagarde, Saturday, how to say this central European He knows that wages are rising, perhaps faster than expected, adding that he shouldn’t allow inflation expectations to influence prices in the long run or for wages to have an inflationary effect.
Lagarde didn’t mention any new moves during the interview, but said the bank should "Take the necessary actions" To reduce inflation to 2 percent from its current rate of nearly 10 percent.
Lagarde added that the anticipated winter recession is on the way European Unionresulting from higher energy costs, it is likely to be short-lived and insignificant, provided there are no additional shocks.
During the year, numerous employees participated in strikes in the countries of the European Union with the aim of increasing wages, as workers in the railway sector went on strike in FranceTruck drivers announced Spain The strike, workers in the engineering and electronics industries in Germany also went on strike.
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Lagarde added, in statements published by a Croatian newspaper, that Ali European Central Bank Preventing wage increases from raising rates inflation Already high.
The European Central Bank has raised interest rates by a total of 2.5 percentage points since July in a bid to stem the historic rise in inflation, and has promised further monetary tightening at its upcoming meetings at a time when expectations of long-term price growth above the 2 percent target begin.
The Croatian newspaper “Jutarni List” quoted Lagarde on Saturday central European He knows that wages are rising, perhaps faster than expected, adding that he shouldn’t allow inflation expectations to influence prices in the long run or for wages to have an inflationary effect.
Lagarde didn’t hint at any new action during the interview, but said the bank should “take the necessary steps” to bring inflation down to 2% from its current rate of nearly 10%.
Lagarde added that the anticipated winter recession is on the way European Unionresulting from higher energy costs, it is likely to be short-lived and insignificant, provided there are no additional shocks.
During the year, numerous employees participated in strikes in the countries of the European Union with the aim of increasing wages, as workers in the railway sector went on strike in FranceTruck drivers announced Spain The strike, workers in the engineering and electronics industries in Germany also went on strike.
