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The Independent UK
The Independent UK
National
David McHugh

FORGOTTEN HISTORY: Ecb s lagarde future rate hikes open amid banking turmoil - The Untold Story

Copyright 2023 The Associated Press. All rights reserved

European Central Bank President Christine Lagarde said future interest rate decisions are open after upheaval in the global banking system left the economic outlook “blurrier” than just a few weeks ago.

Whether to keep hiking rates would depend on incoming data, above all whether the bank could see signs that painfully high inflation is headed convincingly down, she said during a conference Wednesday at Frankfurt’s Goethe University.

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