ECB President: Moderate Policy Measures Should Be Taken to Curb Inflation

According to reports, ECB President Christine Lagarde said the war poses upside risks to inflation. Fiscal sustainability remains an "important pillar" of overall economic stability, and governments should ensure that fiscal measures introduced in response to the energy shock are temporary, targeted and appropriately calibrated. Downside risks to the economic outlook exist, while inflation risks are tilted to the upside; moderate policy measures should be taken to curb inflation. (Jiemian)