ECB president says October inflation reached 4%, reiterates meeting-by-meeting policy approach
ECB President Christine Lagarde said October headline inflation was 4%, largely reflecting energy, while core inflation held at 2.5%, unchanged from September. She said the ECB was not seeing second-round effects beyond those incorporated in its projections. Monetary policy would remain data-dependent and decided meeting by meeting, she said, without committing to a December decision.