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

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