Lagarde Sees No Need for More Forceful ECB Response to War (opens original article in a new tab)

ECB President Christine Lagarde said the European Central Bank does not need a more forceful response to the Middle East conflict's economic impact, as inflation is expected to return to target with current monetary policy. Markets still anticipate a rate hike, and oil prices dropped following a Middle East agreement.

• ECB President Lagarde stated that no more forceful response is needed to the Middle East conflict's fallout
• Inflation is expected to return to target with appropriate monetary policy
• Markets expect at least one more quarter-point rate increase this year
• Oil prices fell below $80 a barrel after a Middle East agreement