Lagarde insists that interest rates will not rise despite inflation hike                

ECB President Christine Lagarde believes the ECB does not need to respond as forcefully to inflation as the US Federal Reserve.

The ECB has “every reason” not to respond as forcefully as the US Federal Reserve to soaring consumer prices, according to President Christine Lagarde.

“We’re all in very different situations,” Ms  Lagarde told the France Inter radio station in an interview. Inflation is “clearly weaker” in the eurozone, while the region’s economic recovery is also not as advanced as in the US, she said.