Euro area price growth outlook continued to be surround by significant uncertainty and it is not yet time to declare the end of the fight against inflation, European Central Bank President Christine Lagarde said Monday. "Looking ahead, we expect the weakening of inflationary pressures to continue, even though headline inflation may rise again slightly in the coming months, mainly owing to some base effects," Lagarde said in a speech at a European Parliament hearing. "However, the medium-term outlook for inflation remains surrounded by considerable uncertainty."
The ECB chief pointed out that the bank's indicator of domestic inflation has not eased much, signaling that "inflation is now driven more by domestic sources than by external sources."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.