ECB President Suggests Possibility of Additional Interest Rate Hikes

President of the European Central Bank (ECB), Christine Lagarde has hinted at more interest rate hikes, re-affirming the ECB’s commitment to combating inflation.

At a hearing of the Committee on Economic and Monetary Affairs of the European Parliament, Lagarde underlined that ensuring price stability is the ECB’s responsibility, reports Xinhua news agency.

Inflation in the euro zone eased noticeably in May, but at 6.1 per cent is still well above the ECB’s target of 2.0 per cent for stability.

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