Lagarde pushes back on market rate-hike bets after energy costs soar - KITCO
Lagarde pushes back on market rate-hike bets after energy costs soar - KITCO
Source: KITCO
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DW NOTE
Lagarde is telling markets that energy-driven inflation won't force the ECB to tighten — while the Fed just raised rates for the first time in three years and Brent is still above $100 with the Strait of Hormuz effectively closed. The ECB's position only works if you believe supply shocks don't count as inflation when they come from geopolitics rather than monetary expansion.