ECB’s Lagarde Says Risks to Inflation Outlook Tilted to Upside

European Central Bank President Christine Lagarde said dangers to the region’s price outlook are skewed to the upside as officials continue to assess the economic damage being wrought by the Iran conflict.

“Risks to the outlook are tilted to the upside, especially in the near term while the medium-term implications will depend on the intensity and duration of the war,” Lagarde said Friday in a statement at a meeting of the International Monetary and Financial Committee in Washington.