Lagarde Says She Knows Where ECB Is Headed on Rates

Lagarde's assurance about the ECB's direction on rates reflects a cautious yet optimistic stance amid fluctuating energy prices. By stating that the increases in oil and gas costs haven't triggered secondary effects, she suggests that inflationary pressures may be contained for now. This could indicate the ECB's confidence in its current monetary policy, but it also raises questions about future adjustments if energy prices continue to rise.