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Lagarde: The ECB is watching oil for inflation risks
The European Central Bank is eyeing energy prices and fallout from the Israel-Hamas conflict, President Christine Lagarde told euro-area finance ministers, according to people familiar with the matter cited by Bloomberg.WTI crude oil is down 72-cents today to $86.97.It was around this time two years ago that Lagarde brushed off oil prices as an inflationary problem. Just days later, TTF began to soar and create a big problem for the ECB. Last week, TTF rose to $56 from a low of $36 but it's down...
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Posted: Oct 16 2023, 18:06
Author Name: forexlive
Views: 112241