Lagarde Says ECB Won't Be 'Paralyzed by Hesitation' on Iran
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European Central Bank President Christine Lagarde said the ECB will act decisively and swiftly if the current surge in energy costs risks a broader bout of inflation. "We will not be paralyzed by hesitation," Lagarde said at The ECB and Its Watchers conference in Frankfurt. "Our commitment to delivering 2% inflation over the medium term is unconditional." (Source: Bloomberg)
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