Connect with us

World

ECB president says it is crucial to ensure inflation expectations remain stable

News Agencies

Published

on

Xinhua News Agency, Frankfurt, November 18 (Reporter He Lili) European Central Bank President Christine Lagarde said on the 18th that it is crucial to ensure that inflation expectations remain stable when inflation is high, and the European Central Bank will take necessary measures in a timely manner to reduce the inflation rate to the medium-term target Level.

Lagarde delivered a speech at the European Banking Conference, saying that the changing environment has brought great challenges to the monetary policy of the euro zone. Inflation expectations need to be closely tracked and managed, and the ECB is expected to raise key interest rates further to bring inflation back to the medium-term target level.

Factors such as supply chain disruptions, energy production cuts and geopolitical crises have created new supply constraints in the global economy, she said. In this case, there is no commensurate increase in supply to match demand, causing prices to spike, leading to high inflation.

Lagarde said diversification of Europe's energy supply will have an impact in the coming years. In the long run, diversification of demand may accelerate the green transition in Europe, and large-scale investment in renewable energy will promote energy supply.

Lagarde said that accelerating the transition to cleaner energy, greater economic security, and a more digital and productive economy is crucial for Europe, and these areas require substantial investment.

(Editors in charge: Jia Wenting, Liu Jieyan)

Share for more people to see

The news is published by EMEA Tribune & Peoples Daily Online210520-twitter-verified-cs-70cdee.jpg (1500×750)

Continue Reading
Advertisement

Breaking News

Advertisement

Editor Pick’s

Latest Entertainment

Entertainment2 hours ago

Sally Field reveals that Burt Reynolds was her worst onscreen kiss: ‘Just a lot of drooling’

Turns out, Sally Field didn’t exactly have a field day when it came time to kiss her Smokey and the...

Entertainment3 hours ago

New Trailer For Miss Cleo Documentary Hints At ‘Web Of Stories’ Surrounding Her Life

Youree Dell Harris, aka Miss Cleo, is pictured on Feb. 24, 2009, in Lake Worth, Florida. Youree Dell Harris, aka...

Entertainment3 hours ago

Jury begins deliberations in Harvey Weinstein rape trial

LOS ANGELES (AP) — Jurors began deliberating Friday in the Los Angeles rape and sexual assault trial of Harvey Weinstein,...

Entertainment4 hours ago

Man arrested in fatal shooting of Migos rapper Takeoff

HOUSTON (AP) — Police have arrested a 33-year-old man in the fatal shooting of rapper Takeoff, who was killed last...

Entertainment4 hours ago

John Krasinski says his kids think he works in an office and when he showed them episodes of his show “The Office,” his youngest didn’t believe it was him on TV

John Krasinski, left, and right, as Jim Halpert in “The Office.”Jason Howard/Bauer-Griffin/GC Images; NBCUniversal/Getty Images John Krasinski’s kids think he...

Entertainment4 hours ago

‘Midnight Club’ Creator Mike Flanagan Reveals All Answers to Unresolved Mysteries After Show’s Cancellation, Including Mirror Man and Cataract Woman

Mike Flanagan kept his word and has revealed the answers to burning questions from the cliffhanger ending of “The Midnight...

Entertainment4 hours ago

Balenciaga outlines organizational changes after campaign backlash, ‘outraged’ Kim Kardashian

Balenciaga ambassador Kim Kardashian is speaking out after the luxury fashion house was embroiled in controversy for its recent holiday...

Entertainment4 hours ago

Backstreet Boys talk holidays, ‘leaning on one another’ during tough times, and fond childhood Christmas memory of Aaron Carter

The Backstreet Boys’ Nick Carter, Howie Dorough, AJ McLean, Brian Littrell, and Kevin Richardson. (Photo: JCPenney) The Backstreet Boys just...

Latest Sports

Sports34 mins ago

An old photo doesn’t expose Jones’ true failures

Since becoming owner of the Dallas Cowboys, Jerry Jones has done nothing to fix the NFL's lack of diversity. That...

Sports1 hour ago

Fifa finally release footage that proves Japan’s goal was legitimate

Fifa have finally revealed the footage they used to overturn the decision to disallow Japan’s winning goal against Spain on...

Sports1 hour ago

Bulls Rumors: Lakers have internally discussed DeRozan, Vučević trade

The NBA rumor mill has begun to churn, and the Bulls and Lakers are at the center of it.

Sports2 hours ago

Thorns coach Rhian Wilkinson resigns after investigation for which she was cleared; players asked her to step down

Wilkinson led Thorns FC to their third NWSL championship in her first season as head coach.

Sports2 hours ago

World Cup 2022: Luis Suarez unapologetic about 2010 intentional handball ahead of Ghana rematch

Suarez's infamous handball ended up being the main reason Uruguay beat Ghana and advanced to the semifinals.

Sports3 hours ago

Travis Kelce on Skyline Chili: ‘I’m not eating it’

Chiefs and former UC star Travis Kelce isn't a fan of Skyline Chili, but he did express his love for...

Sports3 hours ago

NBA Fact or Fiction: Can the Heat still win a title?

Miami has been knocking on the door of an NBA title for a few years now. With a below average...

Sports3 hours ago

Notre Dame quarterback Drew Pyne to transfer ahead of bowl game

Drew Pyne went 8-2 as a starter for the Irish this season after he took over for Tyler Buchner in...

Technology Hot News

Is Elon Musk Really Going to Buy Twitter? Is Elon Musk Really Going to Buy Twitter?
Technology1 month ago

Is Elon Musk Really Going to Buy Twitter?

Elon Musk, the owner of the electric car company Tesla, CEO of SpaceX, and the richest man in the world,...

WhatsApp services were affected across Pakistan, restored after 2 hours WhatsApp services were affected across Pakistan, restored after 2 hours
Technology1 month ago

WhatsApp services were affected across Pakistan, restored after 2 hours

WhatsApp services were affected in various countries of the world, including Pakistan, and India due to this users were facing...

Bitcoin vs Litecoin: A guide to understanding cryptocurrencies Bitcoin vs Litecoin: A guide to understanding cryptocurrencies
Technology2 months ago

Bitcoin vs Litecoin: A guide to understanding cryptocurrencies

Cryptocurrencies currently occupy an odd place in society. They are no longer the super niche bizarre currency beloved by tech...

Personal data of people is selling on Google Play and Google Ads Personal data of people is selling on Google Play and Google Ads
Editor Picks3 months ago

Personal data of people are sold on Google Play and Google Ads

It’s been two to three years since Google has been unknowingly hosting multiple apps from malicious actors who sell personal...

Protonmail is down a second time in the past 24 hours Protonmail is down a second time in the past 24 hours
Technology5 months ago

Protonmail is down a second time in the past 24 hours

An end-to-end encrypted email service Protonmail is down a second time in the past 24 hours, netizens reported on social...

What's better for the student: a tablet or a laptop What's better for the student: a tablet or a laptop
Technology6 months ago

What’s better for the student: a tablet or a laptop

Some analysts argue that computers have outlived their usefulness. There is some truth in this: PC and laptop sales are...

Tesla founder Elon Musk holds the Twitter deal temporary Tesla founder Elon Musk holds the Twitter deal temporary
Technology7 months ago

Tesla founder Elon Musk holds the Twitter deal temporary

USA: Elon Musk, the founder of companies like Tesla and SpaceX, can actually buy anything in the world. Last month,...

How Zafar Supari is utilizing his ability on Snapchat? How Zafar Supari is utilizing his ability on Snapchat?
Technology7 months ago

How Zafar Supari is utilizing his ability on Snapchat?

Pakistan: Zafar Supari a public figure, businessman, and social media sensation has crossed one hundred thirty-three thousand 133k subscribers on...