Lagarde Denies Direct ECB Rate Ties to Energy Prices

The European Central Bank (ECB) does not directly track energy prices when setting interest rates, according to ECB President Christine Lagarde.

Lagarde's statement comes as a response to concerns about the impact of high energy costs on inflation and monetary policy.

In an interview, she clarified that the ECB's primary focus is on maintaining price stability and promoting economic growth, rather than directly addressing specific external factors like energy prices.