{"id":55275,"date":"2021-11-19T23:36:32","date_gmt":"2021-11-19T19:36:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=55275"},"modified":"2021-11-20T00:03:50","modified_gmt":"2021-11-19T20:03:50","slug":"lagarde-weidmann-clash-over-response-to-inflation","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/lagarde-weidmann-clash-over-response-to-inflation\/11\/19\/market-updates\/","title":{"rendered":"Lagarde, Weidmann Clash Over Inflation Response"},"content":{"rendered":"\n<p>German central bank head set up a clash over Eurozone monetary policy warning that inflation is to stay above the ECB\u2019s target for longer than expected.<br><br>Jens Weidmann told a banking conference in Frankfurt on Friday: \u201cGiven the considerable uncertainty about the inflation outlook, monetary policy should not commit to its current very expansionary stance for too long.\u201d <br><br>Weidmann\u2019s comments conflict with those by Christine Lagarde a few hours earlier, when the ECB president told the same event that rate-setters should remain \u201cpatient\u201d to avoid tightening policy prematurely, despite soaring Eurozone inflation that is \u201cunwelcome and painful\u201d. <br><br>\u201cWe must not rush into a premature tightening when faced with passing or supply-driven inflation shocks,\u201d said Lagarde, indicating she expects the ECB to maintain a sizeable stimulus at its meeting next month even as other central banks reduce support. <br><br>Their speeches laid bare divisions among ECB rate-setters ahead of their meeting next month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German central bank head set up a clash over Eurozone monetary policy warning that inflation is to stay above the ECB\u2019s target for longer than expected.Jens Weidmann told a banking conference in Frankfurt on Friday: \u201cGiven the considerable uncertainty about the inflation outlook, monetary policy should not commit to its current very expansionary stance for &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,6837,7833,7199],"class_list":["post-55275","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-eurozone","tag-jens-weidmann","tag-lagarde"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55275"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55275\/revisions"}],"predecessor-version":[{"id":55280,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55275\/revisions\/55280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53676"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}