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ECB’s Lagarde: No Signs Yet That Second-Round Are Likely to Come

ECB’s Lagarde: No Signs Yet That Second-Round Are Likely to Come

By Marta Vilar – MADRID (Econostream) – European Central Bank President Christine Lagarde said on Monday that the ECB was not yet seeing evidence that higher energy prices were feeding into wages, supporting a “measured” monetary policy approach while leaving the central bank ready to respond if second-round effects emerge.

28 September 2026

ECB Tone Meter

Entire Governing Council

27 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 28 September 2026

Meeting Bias

ECB Governing Council Meeting