Lagarde: War in Ukraine Stoking Upside Inflation Risks

The video discusses the significant uncertainty in the economy due to the war, highlighting the impact of sanctions and potential future measures. It addresses the sharp rise in inflation, primarily driven by increased energy costs, and emphasizes the importance of monitoring data to assess the medium-term inflation outlook. The video outlines the need for data-dependent policy calibration and readiness to adjust instruments to stabilize inflation at a 2% target.

What factors will influence the impact of the war on the economy?

How has inflation been affected by the current situation?

In what ways is the current economic uncertainty being monitored?

What measures are being considered to address inflation?

What is the target inflation rate mentioned in the text?