IMFC Statement
Statement by Ms Christine Lagarde, President of the European Central Bank, at the fifty-fourth meeting of the International Monetary and Financial Committee, IMF Annual Meetings, Bangkok, 17 October 2026.
Source: BIS Central Bank Speeches
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DW NOTE
The ECB projects euro area growth of 0.9% in 2026 while the Strait of Hormuz sits closed, Brent crude trades at $108, and the 10-year Treasury yields 5.09%. Lagarde describes the energy situation as a "shock" that will "fade over the medium term" — a forecast that requires either the strait reopening or Europe finding 17 million barrels per day somewhere else.