The article does not pertain to Portugal; instead, it reports that Christine Lagarde, President of the European Central Bank (ECB), assures that inflation will be kept under control amid the ongoing Middle East conflict. Lagarde emphasized the ECB's commitment to preventing inflation surges similar to those experienced in 2022 and 2023, caused partly by Russia's invasion of Ukraine. She highlighted the current high uncertainty and volatility in global markets, referencing recent oil price fluctuations. Recent Eurostat data shows inflation in the eurozone decreased to 1.7% in January 2026, below the ECB's 2% target, with core inflation at 2.2%. Lagarde did not specify potential interest rate hikes but reaffirmed the ECB's focus on maintaining price stability despite geopolitical tensions.
Christine Lagarde (BCE) dă asigurări că inflația va fi ținută sub control în timpul conflictului din Orientul Mijlociu - AGERPRES
Wednesday, 11 March 2026RSS
Context & Explainers
Inflation measures how much general prices rise over time, usually reported year‑on‑year to compare a month with the same month a year earlier. Portugal’s National Institute of Statistics (INE) estimated January inflation at 1.9% year‑on‑year, down 0.3 percentage points from December, which affects rents, wages and everyday purchasing power for residents.
