ECB's Lagarde: For now we see no signs that this increase in inflation is becoming broad based
Comments from the ECB President
'For now' is the key phrase here. There's a slow climb down from Team Transitory ongoing.
There's a change of tone here from just three weeks ago when Lagarde said:
At the time, I scoffed at Lagarde who seemingly didn't know what was going on with natural gas and power prices