European Central Bank (ECB) President Christine Lagarde arrives at a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on June 11, 2026. The European Central Bank on June 11, 2026 raised its inflation forecasts while cutting growth expctations for this year as the blockade of the Strait of Hormuz threatens to prolong a surge in global energy prices. The bank now forecasts inflation of 3.0 percent under its baseline scenario, up from its March figure of 2.6 percent. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images) / ALTERNATIVE CROP