The Zhitong Finance App learned that ECB President Christine Lagarde told Eurozone finance ministers that a jump in energy prices will not automatically translate into monetary contraction. “Interest rates will not move in sync with energy prices.” Lagarde said in Dublin on Friday, “Because apparently, energy prices and their impact on prices will also affect other factors, especially growth and consumption. We will take all of these factors into account; the synchronous linkage mechanism is not a mechanism that actually applies.”

The Zhitong Finance App learned that ECB President Christine Lagarde told Eurozone finance ministers that a jump in energy prices will not automatically translate into monetary contraction. “Interest rates will not move in sync with energy prices.” Lagarde said in Dublin on Friday, “Because apparently, energy prices and their impact on prices will also affect other factors, especially growth and consumption. We will take all of these factors into account; the synchronous linkage mechanism is not a mechanism that actually applies.”