European Central Bank (ECB) President Christine Lagarde is now speaking on the inflation outlook at an event hosted by the Bank of Cyprus on Wednesday.
Key quotes
It will take time before we can restore supply chains.
Does not see some factors which fuel inflation like fuel and food, continuing to move higher and higher.
Market reaction
EUR/USD is flirting with four-week highs above 1.1150 amid rising peripheral yields, falling US dollar and mixed EU sentiment data. The pair was last seen gaining 0.67% on the day, at 1.1160.
