Central Banks
Lagarde Says ECB Can Now Observe Impact of Its Rate Hikes
- Central-bank chief addresses Bundesbank event in Frankfurt
- Rate was kept on hold at 4% at latest meeting in October
This article is for subscribers only.
The European Central Bank is now at a point where it can pause and assess the impact of its tightening, according to President Christine Lagarde.
“We have already done a lot,” Lagarde said. “Given the amount of ammunition we have used, we can observe very attentively the components of our lives like salaries, profits, like fiscal, like geopolitical developments and certainly the way in which our ammunition is impacting our economic life to decide how long we have to stay there and what decision we have to make — up or down.”