ECB’s Lagarde Says Inflation Outlook Still Uncertain

European Central Bank President Christine Lagarde said the inflation outlook continues to be more uncertain than usual. “Inflation could turn out to be lower if the rise in US tariffs reduces demand for euro-area exports,” Lagarde explained during a news conference in Frankfurt after policymakers left interest rates unchanged for a fourth straight meeting. “By contrast, inflation could turn out to be higher if more fragmented global supply chains pushed up import prices, curtailed the supply of