ECB’s Lagarde Says Interest Rates Are at Correct Level

The European Central Bank is well positioned with borrowing costs currently at the right level, according to President Christine Lagarde.

“The interest rates we settled on at the last meetings are, in my view, set correctly,” Lagarde told Slovak TV station JOJ24 in comments broadcast Friday. “I keep saying that we’re in a good position given the inflation cycle, which we’ve managed to get under control.”