Bloomberg Surveillance · Tuesday, September 22, 2026
The European Central Bank (ECB) is navigating a challenging environment, with geopolitical outlooks significantly complicating its efforts to combat inflation. Philip Lane has indicated that the geopolitical landscape makes the fight against inflation exceptionally difficult.
“It really is tough, but I think the market is all over Europe, not just the ECB.”
“It really is tough, but I think the market is all over Europe, not just the ECB. I'm looking at pricing in Sweden, for example, where they're deciding this week as well. It's just so aggressive in terms of rates, whereas inflation expectations are... are much more manageable.”
“Lagarde said rates are not set basically based on energy prices.”