Central Banks
Lagarde Says ECB Rate Peak Must Ensure Inflation Goes to 2%
- ECB president says inflation is too high across the euro zone
- Lagarde speaks in interview with Latvia’s Delfi Bizness
Christine Lagarde
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European Central Bank President Christine Lagarde said the peak of the current cycle of interest-rate increases must ensure that inflation returns to the 2% target over the medium term.
Without specifying a level for the so-called terminal rate, Lagarde said borrowing costs have further to rise following last week’s second straight 75 basis-point hike.