Updated: June 23, 2026 Christine Lagarde has sent a reassuring signal: the European Central Bank currently does not appear to see a dangerous wage-price spiral. The inflation shock is significant, but from the ECB’s perspective, not yet strong enough to push long-term inflation expectations out of control. That sounds like relief. But this is exactly … Continue reading Lagarde Signals Relief: Why Hormuz Remains a Business Risk Despite the ECB’s Message