ECB

Rising petrol and natural gas prices are driving inflation

Her eight-year term at the ECB ends in October 2027

The European Central Bank kept its benchmark deposit rate at 2.25%

[BRUSSELS] The European Central Bank is back to square one in its fight against high inflation in the eurozone after new hostilities between the US and Iran caused energy prices to rise again, ECB policymaker Yannis Stournaras said on Friday (Jul 10).

Central banks play a key role in determining governments’ borrowing costs

Lagarde has previously played down resignation rumours, saying a ship’s captain would not leave during turbulent times

Economists polled have forecast the bloc’s inflation at 3 per cent for June

But markets still see one more quarter-point move this year

Better banking and fiscal regulations as well as investments in low-carbon energy have paid off recently, she notes