ECB boss pledges to MEPs to fight inflation and restore confidence
Members of the European Parliament voiced concerns about rising energy and food prices, and mortgage rates during a hearing with European Central Bank President Christine Lagarde. MEPs in the Economic and Monetary Affairs Committee discussed how to avoid fragmentation between member states and reduce inflation uniformly across the euro area. MEPs focused on a planned deployment of the Transmission Protection Instrument, (TPI) which aims to ensure that the ECB monetary policy is effectively applied in all euro area members to ensure price stability.
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