Russian invasion creates a dilemma for the ECB
Christine Lagarde, the president of the European Central Bank, will have her first chance to outline how seriously Russia’s invasion of Ukraine has upended the outlook for the eurozone economy when she presents new forecasts on Thursday.
The ECB is widely expected to postpone any major policy decisions when its governing council meets in Frankfurt this week, preferring to maintain as much flexibility as possible while assessing the economic fallout from the war in Ukraine.
The crisis creates a dilemma for the ECB. While on the one hand economists have slashed their growth forecasts for the euro area this year and expect the ECB to do the same, the disruption to the supply of energy and other commodities is expected to drive up inflation.
您已阅读17%（791字），剩余83%（3764字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。