European Central Bank President Christine Lagarde stated that the ECB is not overly concerned about the potential impact of rising inflation in the United States on the euro zone. Lagarde emphasized that growth in the US is generally beneficial for the global economy and that the ECB is closely monitoring various economic indicators to assess the situation.
The European Central Bank is "not overly concerned" by the impact of inflation abroad on the euro zone , the institution's President Christine Lagarde told CNBC.
Asked about the potential effect on Europe if inflation resurges in the U.S., Lagarde said: "If there is reigniting of inflation in the United States it will be an issue for the United States for sure, that is where the first and prime consequences will be.""There will be interesting phenomenon that we will watch. The exchange rate, for instance, will be of interest, and ... may have consequences, but we are certainly interested to see the U.S. grow, because growth in the U.S.
She noted, "We do have that divergence, that has to do with a different economic setting at the moment between the U.S. and Europe."
INFLATION EURO ZONE ECB UNITED STATES ECONOMIC GROWTH
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