The war will have "consequences" for growth as inflation quickens and confidence is damaged, Ms Lagarde told a conference Monday in Paris. Before Ms Lagarde spoke, money markets on Monday brought forward wagers on hikes and are now betting on two by December. She reiterated that Europe and the US aren't in the same phase of the economic cycle, with the eurozone also more exposed to the war just across its border. "We are in different universes, at a different stage in the cycle, with different starting points," Ms Lagarde said. Ms Lagarde urged government support to be targeted at less wealthy households, something she said hasn't happened so far in some nations.

Source: Irish Independent March 22, 2022 00:05 UTC