European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council’s monetary policy meeting in Frankfurt, Germany September 12, 2024.
Jana Rodenbusch | Reuters
The European Central Bank is “not overly concerned” by the impact of inflation abroad on the euro zone, the institution’s President Christine Lagarde told CNBC Wednesday.
Asked about the potential effect on Europe if inflation resurges in the U.S., Lagarde said: “If there is reigniting of inflation in the United States it will be an issue for the United States for sure, that is where the first and prime consequences will be.”
She added, “We are not overly concerned by the export of inflation to Europe.”
This is a breaking news story and will be updated shortly.