European Central Bank (ECB) President Christine Lagarde said that the central bank is closely analyzing recent inflation data and stands ready to take appropriate action if signs of sustained "second-round" inflation emerge. Speaking in an interview with China Media Group on Wednesday on the sidelines of the G20 Finance Ministers and Central Bank Governors meeting in Bangkok, Thailand, Lagarde addressed mounting concerns over the Eurozone's economic outlook. In September, Eurozone inflation jumped to a three-year high of 3.8 percent, significantly exceeding market expectations. Lagarde noted that a substantial portion of this spike was driven directly by energy prices, which surged 18.8 percent. "A large portion of it is attributable to energy.
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