Lagarde Says ECB Rates to Stay Restrictive as Long as Needed
- Officials determined to return inflation to 2%, she says
- Investors, economists think the ECB has finished raising rates
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European Central Bank President Christine Lagarde reiterated that borrowing costs will remain elevated for as long as needed to tame consumer prices — even as the economy struggles.
“Our future decisions will ensure that the key ECB interest rates will be set at sufficiently restrictive levels for as long as necessary,” Lagarde told lawmakers Monday in the European Parliament in Brussels.