ECB’s Lagarde says many causes of inflation spike temporary: CNBC

September 24, 2021

FRANKFURT (Reuters) – Many of the drivers of the recent spike in euro zone inflation are temporary and due to fade in the next year, European Central Bank President Christine Lagarde said in an interview aired on CNBC on Friday.

“We think that there will be a return to much more stability in the year to come because many of the causes of higher prices are temporary,” Lagarde said. “When you look at what’s causing it, a lot of it has to do with energy prices”.

(Reporting by Francesco Canepa; Editing by Jacqueline Wong)

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