ECB Chief Says Eurozone Inflation Under Control After US-Iran Memorandum

European Central Bank President Christine Lagarde assured lawmakers that inflation in the eurozone is under control, citing a significant drop in prices following the signing of a memorandum of understanding between the United States and Iran. Speaking before the European Parliament, the legislative body of the European Union, Lagarde pointed to the US-Iran agreement as a key factor behind easing price pressures across the currency bloc. The signing of the memorandum between Tehran and Washington has had broader economic implications, contributing to shifts in energy and commodity markets that have helped bring inflation down across the 20-nation eurozone.