European Central Bank President Christine Lagarde said inflation pressures remain powerful and borrowing costs will be raised further to tackle them — cementing expectations for another interest-rate hike at next week’s meeting.
With the full effects of the ECB’s already historic monetary-tightening campaign still materializing, Lagarde reiterated that there’s no clear evidence that underlying inflation has peaked. Food inflation, for one, remains elevated, she said Monday.
Read More : ECB President Lagarde Warns of Intensifying Price Pressures, Signals Further Rate Hikes