Closing post
Time to wrap up – here are our main stories from Davos today:
Back tomorrow….. GW
Earlier today in Davos, the president of the European Central Bank pledged to “stay the course” in the fight against inflation.
Christine Lagarde told a panel discussion here at WEF that the ECB will continue raising interest rates and leave them in restrictive territory for as long as it takes to bring down inflation to its 2% target.
Lagarde insisted:
“We shall stay the course until such a time when we have moved into restrictive territory for long enough so that we can return inflation to 2% in a timely manner.