Economics

Lagarde Pivots on ECB Hikes as Switch in Guidance Seen Soon

Asset purchase plans and other measures kept unchanged
Investors are adding bets on rate moves at upcoming meetings

Lagarde: 'Unanimous Concern' at ECB About Inflation Data

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By Jana Randow, Carolynn Look, and Alexander Weber

February 3, 2022 at 9:15 AM EST

Updated on

February 3, 2022 at 12:53 PM EST

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European Central Bank President Christine Lagarde is no longer ruling out an interest-rate hike this year, a pivot toward the tightening stance of global peers that officials privately see materializing with a shift in policy guidance as soon as next month.