ECB Will Stay Course to Return Inflation to 2%, Lagarde Says
- The debate over the path for borrowing costs is heating up
- Hawks have been more vocal of late on maintaining hike pace
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Christine Lagarde said the European Central Bank will do everything necessary to return inflation to its goal, pointing to more “significant” interest-rate increases at coming meetings.
Borrowing costs will have to rise at a steady pace to reach levels that are sufficiently restrictive, and stay at those levels for as long as needed, Lagarde said Monday in a speech in Eschborn, Germany.