ECB number one Christine Lagare continues to reassure the markets on the absence of the risk of a stagflation in the Eurozone:

“Even in the darkest scenario, with second round effects, the oil and gas boycott and the worsening of the war with a protracted duration, even in these scenarios we see growth of 2.3%. it will be some growth, “Lagarde said.

Of course, in his opinion, the war in Ukraine triggered by Russia’s invasion of the country will have “consequences” on growth, given that inflation will accelerate and confidence (of consumers and companies) will be affected.

And, for central banks, the Eurotower president pointed out, the difficulty lies in maintaining stability without causing damage to the economy. But for Lagarde, the danger of a flare-up of inflation accompanied by a stagnant economy does not exist.

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