Economics

ECB Officials Converging on Quarter-Point Hike in Third Quarter

Policy makers on Thursday reaffirmed stimulus-exit plan
Lagarde pinpointed June’s meeting as key to policy timeline

European Central Bank President Christine Lagarde says the war in Ukraine has increased the risk of inflation. The ECB is “very attentive to the current uncertainties,” she added during a news conference.Source: Bloomberg

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By Jana Randow and Carolynn Look

April 14, 2022 at 3:34 PM UTC

Updated on

April 14, 2022 at 6:44 PM UTC

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European Central Bank policy makers are forming a consensus around increasing interest rates in the third quarter of 2022 to tackle record inflation, according to people familiar with the matter.