Economics

Lagarde Prepares for ECB Liftoff With Yet More Record Inflation

Only two more consumer-price reports due before July hike
Strong readings may push central bank to boost rates faster

Christine Lagarde
Photographer: Jason Alden/Bloomberg

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By Alessandra Migliaccio

May 29, 2022 at 6:00 AM UTC

Updated on

May 30, 2022 at 6:21 AM UTC

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The European Central Bank’s debate over how aggressively to tighten monetary policy is likely to intensify this week in the prelude to a pre-decision blackout period as data probably show a new record for inflation.