ECB chief says euro zone is not facing stagflation
Lagarde says the euro zone is not facing stagflation despite rising inflation and slower growth. She notes the bloc remains outside of stagnation or recession.
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European Union central bank chief Christine Lagarde rejected stagflation labels on April 30 as the ECB maintained interest rates despite intensifying growth and inflation risks. The ECB projects 0.9% GDP growth this year, while EUR/USD remains sensitive to shifting monetary policy and energy-driven price pressures. Investors must weigh Lagarde's optimism against an adverse scenario where 0.6% growth coincides with oil prices exceeding $120.
