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Lagarde Signals That July Is Likely Liftoff Date for ECB Rates

  • ECB chief sees hike ‘weeks’ after net bond-buying ends
  • Remarks come as more and more officials back July move
Christine Lagarde, president of the European Central Bank (ECB), during a news conference in Frankfurt, Germany, on Thursday, March 10, 2022. 

Christine Lagarde, president of the European Central Bank (ECB), during a news conference in Frankfurt, Germany, on Thursday, March 10, 2022. 

Photographer: Alex Kraus/Bloomberg

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European Central Bank President Christine Lagarde said the first increase in interest rates in more than a decade may come in July but downplayed the idea of a half-point move amid concerns about economic expansion.