European Union flags fly on the day European Central Bank President Christine Lagarde speaks to reporters after the Governing Council's monetary policy meeting in Frankfurt, Germany on September 12, 2024.
Jana Raudenbush | Reuters
The ECB is “not overly concerned” about the impact of inflation abroad on the euro zone, European Central Bank President Christine Lagarde told CNBC on Wednesday.
In response to a question about the potential impact on Europe if inflation returns to rise in the United States, Lagarde said: “If inflation returns to the United States, it will certainly be a problem for the United States, and that is where the first and main consequences will be.” “.
“We are not too concerned about exporting inflation to Europe.”
“There will be an interesting phenomenon that we will monitor. The exchange rate, for example, will be of interest, and it may have consequences, but we are certainly interested in seeing the United States grow, because growth in the United States has always been a positive factor for the rest of the world,” she added.
This is a breaking news story and will be updated soon.
