View of the building which houses the headquarters of the European Economic and Social Committee and the European Committee of the Regions on April 28, 2023 in Brussels, Belgium. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But it's still "too high" and "set to remain so for too long," said European Central Bank President Christine Lagarde. But with April's inflation jumping more than expected to 6.8%, the central bank seems compelled to slow the economy further.

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Persons: Christine Lagarde, Philip Lowe, shrinkflation Organizations: European Economic, Social Committee, European Committee of, Regions, CNBC, European Central Bank, Reserve Bank of Australia, Federal Reserve Locations: Brussels, Belgium, Canada, Australia, U.S