Economics

Lagarde Restates ECB Hiking Plan as Crisis Tool Takes Shape

Tightening intention reaffirmed after emergency meeting
ECB president testifies to lawmakers in European Parliament

WATCH: Lagarde says the euro-area economy is “still surrounded by high uncertainty.”Source: Bloomberg

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By Alexander Weber and Carolynn Look

June 20, 2022 at 1:10 PM UTC

Updated on

June 20, 2022 at 2:13 PM UTC

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European Central Bank President Christine Lagarde restated officials’ intention to raise interest rates in July and September, signaling that concerns over financial-market tensions aren’t derailing the fight against inflation.