Price pressures across the single currency area remain strong, according to Christine Lagarde Growth in the euro area has nearly stalled in early 2023 in the aftermath of higher energy costs and supply bottlenecks, the ECB has reported. “The latest available data suggest that indicators of underlying inflationary pressures remain high and, although some are showing signs of moderation, there is no clear evidence that underlying inflation has peaked,” ECB President Christine Lagarde told European lawmakers in Brussels on Monday. Domestic demand, especially consumption, and business and consumer confidence, across
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