The economic situation in which the eurozone currently finds itself has nothing to do with "stagflation," said European Central Bank (ECB) President Christine Lagarde. The decision to maintain interest rates was made unanimously after in-depth debate.
The difference between the current situation and the 70s
According to Lagarde, the term "stagflation" is associated with the economic events of the 1970s, when a long period of accelerating inflation and high unemployment was observed. At the moment, however:
- Lower expectations for economic growth are being observed.
- Inflation is accelerating, but without the presence of mass unemployment.
- The situation cannot be defined as a recession or stagnation.
Monetary policy and next steps
The ECB will closely follow economic processes over the next six weeks. The decision on the direction of monetary policy will be made at the next meeting in June, relying on new available data.
The main goal of the institution remains:
- Returning inflation to the target level of 2%.
- Using interest rates as the primary tool for control.
Risks to the economy
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Although Lagarde does not see signs of stagflation, she highlighted two main types of risks:
- Risks to growth (downward pressure): The war in the Middle East and the potential disruption of energy supplies could lead to higher energy prices, which will reduce investments and household spending.
- Risks to inflation (upward pressure): If energy prices rise for a longer period, this could lead to a sustained increase in inflation expectations and disruptions in global supply chains.
Коментари (6)
Гешко
01.05.2026, 09:00хм, значи ПАК ни уверяват, че всичко е наред? абе наистина ли някой вярва на тези успокоителни?
xepj386
01.05.2026, 09:04Абе Гешко, брато, верно каза! Ама к'во да правим? Тея от ЕЦБ си правят работата... поне се опитват. Важно е България да е в Европа - там поне има няка
Georgi31
01.05.2026, 09:23Абе, пак го говоря аз... виж как се мъчат да ни убедят. Все едно с оправдания играят. Дано поне Европа държи юз
B4567EFA0C
01.05.2026, 10:21Ами то така си е... Винаги има рискове, все пак. Важното е че ЕЦБ следи ситуацията и се опитва да я овладее. Ние от България трябва да продължаваме да работим здраво и да се придържаме към европейските правила. Защото колкото по-силен е ЕС, толкова по-силни сме и ние. А руските газови номера 👍
Стар_Граждан
01.05.2026, 10:24Ами даа... точно така е. Лагард говори, говори... ама газта я усещаме ние! 😂 Важното е че сме в Европа, братче - там
Ivan82
01.05.2026, 10:32Абе, хора, сериозно ли?! Лагард говори, говори... ама видяли сме ние достатъчно "успокоения" досега. Все едно да казваш на човек с температура че е нормално да му е горещо!