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Trust ECB to stabilise inflation, Lagarde tells citizens

Tuesday, January 11, 2022
Trust ECB to stabilise inflation, Lagarde tells citizens © Reuters. FILE PHOTO: The European Central Bank (ECB) headquarters is pictured in Frankfurt, Germany, December 8, 2016. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) - Euro zone citizens worried about rising prices can trust the European Central Bank to stabilise inflation, ECB President Christine Lagarde said on Tuesday.

"We understand that rising prices are a concern for many people, and we take that concern very seriously," Lagarde said.

"But people can trust that our commitment to price stability is unwavering, which is critical for the firm anchoring of inflation expectations and for confidence in the currency."

She was speaking at an event marking Joachim Nagel's inauguration as the Bundsbank's new president. His predecessor Jens Weidmann resigned early after a decade of fruitless opposition to the ECB's easy money policy.

Inflation hit 5% last month, a record high for the currency union and more than twice the ECB's 2% target.

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29-01-2022 06:20:54 (UTC+7)

EUR/USD

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EUR/USD

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0.6990

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 EUR/USD1.1150↑ Sell
 GBP/USD1.3408↑ Buy
 USD/JPY115.22Neutral
 AUD/USD0.6990Sell
 USD/CAD1.2764Sell
 EUR/JPY128.46Sell
 EUR/CHF1.0381↑ Sell
 Gold1,790.10Buy
 Silver22.485↑ Buy
 Copper4.3297↑ Sell
 Crude Oil WTI87.31Buy
 Brent Oil89.00Buy
 Natural Gas4.667↑ Sell
 US Coffee C235.85↑ Sell
 Euro Stoxx 504,136.91↑ Buy
 S&P 5004,431.85↑ Buy
 DAX15,318.95Buy
 FTSE 1007,466.07Neutral
 Hang Seng23,550.08↑ Buy
 Small Cap 20001,955.70↑ Buy
 IBEX 358,609.80↑ Buy
 BASF68.510↑ Buy
 Bayer52.83↑ Buy
 Allianz227.80↑ Buy
 Adidas236.15↑ Buy
 Lufthansa6.791↑ Buy
 Siemens AG138.34↑ Buy
 Deutsche Bank AG11.912↑ Buy
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