Economics
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.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
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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.