European Central Bank President: Potential inflationary pressures remain strong.

On March 22, Christine Lagarde, President of the European Central Bank, stated that inflationary pressures are affecting the European economy and potential inflationary forces remain strong. It is necessary and will be done to bring inflation down to the target level. Monetary policy will be guided by inflation prospects and transmission effects. We have neither promised further interest rate hikes nor ended interest rate hikes. (Jin10)