FILE PHOTO: The European Central Bank (ECB) headquarters is pictured in Frankfurt, Germany, December 8, 2016. REUTERS/Ralph Orlowski
January 11, 2022
FRANKFURT (Reuters) – Euro zone citizens worried about rising prices can trust the European Central Bank to stabilise inflation, ECB President Christine Lagarde said on Tuesday.
“We understand that rising prices are a concern for many people, and we take that concern very seriously,” Lagarde said.
“But people can trust that our commitment to price stability is unwavering, which is critical for the firm anchoring of inflation expectations and for confidence in the currency.”
She was speaking at an event marking Joachim Nagel’s inauguration as the Bundsbank’s new president. His predecessor Jens Weidmann resigned early after a decade of fruitless opposition to the ECB’s easy money policy.
Inflation hit 5% last month, a record high for the currency union and more than twice the ECB’s 2% target.
KNOWLEDGE is POWER / REAL NEWS is KEY Woke & Liberal News is Fake News You will find it on:
CNN - CBS - MSNBC - ABC - The New York Times - The Washington Post - Facebook - Twitter and more They ALL SUCKS
and simply DO NOT tell you the truth PERIOD
WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises! eg. 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2 KNOWLEDGE is POWER / REAL NEWS is KEY Help your friends, family and the truth by sharing this page and articles. Amen and a-women