Central Banks

Lagarde Says ECB Will Lift Rates at Next ‘Several’ Meetings

ECB must deliver on primary price-stability goal, Lagarde says
Officials weighing 50 or 75 basis-point hike at next meeting

WATCH:“Our primary objective is price stability and we have to deliver on that,” Lagarde said.Source: Bloomberg

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By Craig Stirling

September 28, 2022 at 7:36 AM UTC

Updated on

September 28, 2022 at 8:08 AM UTC

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European Central Bank President Christine Lagarde said borrowing costs will be raised at the next “several meetings” to ensure inflation expectations remain anchored and price gains return to the target.

Addressing an event Wednesday in Frankfurt, Lagarde said bringing inflation back to the 2% medium-term goal is the ECB’s main mission -- despite increasing concerns about recessions in Germany and the 19-nation euro zone.