Lagarde Defends Data-Led Path Beyond ECB’s Next Half-Point Hike
- ECB is determined to meet price goal, she tells Finnish TV
- Officials reluctant to ease off before inflation is defeated
Christine Lagarde
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European Central Bank President Christine Lagarde affirmed plans to lift interest rates by another half-point next month, saying officials remain determined to return inflation to the 2% goal.
“What comes after that will be data dependent,” Lagarde said in remarks released Tuesday. “We will look at all numbers — inflation, obviously, labor cost, projections and we will determine what our monetary-policy path will be after that.”