Lagarde: The European Central Bank Faces a Dilemma Between Acting Too Early and Too Late

Golden Ten Data, May 9 – According to Spanish National Television, European Central Bank President Lagarde stated that the European Central Bank is carefully weighing its response to the Iran war and the war’s impact on inflation to ensure that action is neither taken too early nor too late. In the interview, Lagarde said that policymakers face “great uncertainty” and need “more data” to understand the impact of this conflict. She declined to comment on whether the European Central Bank would raise interest rates next month as many expect. She said, “We have always been torn between the risks of acting too quickly and too late, and we must find the right path to guide our economy towards the 2% medium-term inflation target—that is our goal.”