# ECB's Lagarde Expects Inflation to Remain Elevated in the Near Term

> European Central Bank President Christine Lagarde said inflation is likely to remain elevated in the near term. She told Japan's Yomiuri Shimbun that second-round effects, including wage increases, have so far remained in line with the ECB's expectations.

- Date: 2026-11-07 · published 2026-11-08T12:08:53.092Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/87409-ecb-s-lagarde-expects-inflation-to-remain-elevated-in-the-near-term
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Persistent inflation could encourage the ECB to keep monetary policy restrictive for longer, which may support the euro against the US dollar. Currency shifts can affect the cost of imported feed and agricultural commodities.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2021-09-02 | [Inflation shock and ECB hawks keep euro near 1-month high \| Reuters](https://feedsoft.ai/events/45264-inflation-shock-and-ecb-hawks-keep-euro-near-1-month-high-reuters.md) | -0.2% | -2.3% |
| EURUSD | 2022-12-14 | [EUR/USD Turns to the Fed & the ECB, After Tuesday’s Jump on Softer US CPI Inflation \| FXCM Markets](https://feedsoft.ai/events/38442-eur-usd-turns-to-the-fed-and-the-ecb-after-tuesday-s-jump-on-softer-us-cpi.md) | +0.0% | +1.8% |
| EURUSD | 2026-04-28 | [ECB Turns More Hawkish as Elevated Oil Prices Lift Inflation Risks \| Investing.com](https://feedsoft.ai/events/19948-ecb-turns-more-hawkish-as-elevated-oil-prices-lift-inflation-risks-investing-com.md) | -0.3% | -0.9% |
| EURUSD | 2021-10-19 | [ECB's Rehn warns of risk if inflation surge lasts much longer \| Reuters](https://feedsoft.ai/events/44758-ecb-s-rehn-warns-of-risk-if-inflation-surge-lasts-much-longer-reuters.md) | 0.0% | -2.4% |
| EURUSD | 2021-09-17 | [Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts](https://feedsoft.ai/events/45270-euro-dollar-rate-heavy-despite-leaked-ecb-inflation-forecasts.md) | -0.2% | -1.4% |

## Sources

- brokersift.com: https://brokersift.com/news/ecb-s-lagarde-expects-inflation-to-remain-elevated-in-the-near-term-c26c91

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.