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Lagarde Flags Supply Bottlenecks Could Feed Into Wage Rises

ECB

Q: Do you think that the balance of inflation risks are shifted to the upside? Many of your colleagues have signed letters urging the Commission to implement Basel III. What is your view?

- A: I am interested in Basel III and I do believe that there should be full implementation and proper commitment to the timetable.

  • If supply bottlenecks last longer and feed through to wage rises, price pressures could be more persistent. We cannot be clearer than this.

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