Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
European Union flags fly on the day European Central Bank (ECB) President Christine Lagarde speaks to journalists following the Governing Council monetary policy meeting in Frankfurt, Germany, September 12, 2024.
Jana Rodenbusch | Reuters
The European Central Bank is “not too concerned” about the impact of overseas inflation on the euro zone, the institution’s president, Christine Lagarde, told CNBC on Wednesday.
Asked about the potential effect on Europe if inflation were to re-emerge in the US, Lagarde said: “If inflation reignites in the US, it will be a problem for the US for sure, that’s where the first and main consequences will occur.” “.
“We are not too worried about exporting inflation to Europe.”
“There will be an interesting phenomenon that we will observe. The exchange rate, for example, will be of interest and… may have consequences, but we are certainly interested in seeing the United States grow, because growth in the United States has always been a favorable factor for the rest of the world,” he added.
This is breaking news and will be updated shortly.
