Lagarde Says Inflation 'Way Too High,' ECB Staying Course

The transcript discusses the high inflation numbers and the importance of analyzing different components of inflation, such as headline and core inflation. It highlights the European Central Bank's (ECB) commitment to reducing inflation to 2% by implementing measures like increasing interest rates by 250 basis points. The ECB plans to maintain these measures until inflation is controlled effectively.

Why is it important to look at core inflation according to the text?

What does the text suggest about the current state of inflation?

What is the ECB's target inflation rate mentioned in the text?

What measures has the ECB taken to address high inflation?

How does the ECB plan to achieve its inflation target?