Lagarde Braces ECB for Prolonged Inflation Fight

European Central Bank (ECB) President Christine Lagarde has signaled that she is preparing the institution for a prolonged fight against inflation.

In a recent statement, Lagarde said that the ECB needs to be 'braced' for a longer period of high inflation, which could lead to higher interest rates and tighter monetary policy.

This warning comes as inflation in the eurozone remains above target, with the annual rate at 5.3% in May.

Lagarde's comments suggest that the ECB may need to maintain its hawkish stance for longer than expected, which could have significant implications for financial markets and the economy.