Lagarde: Inflation "second-round effects" force European Central Bank to take action, fortunate that US-Iran ceasefire may lift energy alert.

According to the Intelligent Financial APP, European Central Bank President Lagarde stated in an interview that high energy prices are spreading to other areas of the economy, and indirect effects of inflation have been clearly seen recently, especially the risk of "second-round effects" such as wage increases emerging. The European Central Bank will have to take action. At the same time, she welcomed the temporary ceasefire agreement reached between the United States and Iran, stating that if it could lead to the reopening of the Strait of Hormuz, it would be "good news".