Lagarde says Eurozone inflation will remain high for a long time, European Central Bank raises interest rates for the second time this week

President of the European Central Bank, Lagarde, noted that inflation levels in the Eurozone will remain high for a prolonged period. Following increased oil and gas prices driven by related conflicts in Iran, the European Central Bank has implemented its second interest rate hike this week. The latest forecast data released by the European Central Bank on Thursday indicate that inflation levels in 2027 and 2028 will be higher than previously expected, with inflation in 2028 slightly exceeding the set target.