Tight monetary policy weighs on euro area economy: ECB chief

BRUSSELS, Sept. 30 (Xinhua) -- The monetary policy tightening by the European Central Bank (ECB) played a part in dragging on the economy in the euro area that broadly stagnated since late 2022, the ECB president said on Monday.

Christine Lagarde made the remarks in a speech at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament here on Monday.

On top of the tight mone