ECB President Lagarde: Eurozone's Economic Resilience Gives Central Bank More Flexibility to Raise Rates

ECB President Lagarde stated on Monday that the eurozone economy has built greater resilience to economic shocks, allowing the central bank more flexibility to raise interest rates without triggering financial stress.

Lagarde noted that as the 21-member currency union faces potential inflation shocks in coming years, policymakers may face a dilemma: whether to tolerate price fluctuations or take decisive action.