Economics

Lagarde Says ECB Is ‘Very Unlikely’ to Hike Rates Next Year

Conditions for increase won’t be met despite faster inflation
Recovery to need support after pandemic, ECB president says

Lagarde: ECB ‘Very Unlikely’ to Hike Rates Next Year

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By Alexander Weber and James Hirai

November 3, 2021 at 10:09 AM UTC

Updated on

November 3, 2021 at 7:42 PM UTC

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European Central Bank President Christine Lagarde renewed her pushback against market bets for an interest-rate increase in 2022 after an attempt last week left investors unimpressed.