Lagarde Keeps the Door Open for Further ECB Rate Hikes

The ECB has raised interest rates by 25bp to 2.25% in response to stagflationary pressures. President Lagarde has kept the door open for further hikes later this year.

Key Takeaways

• 1.The ECB increased the deposit interest rate to 2.25%, citing broadening inflationary pressures.
• 2.A second rate hike is likely in July or September, signaling a shift in the ECB's policy stance.

Table of Contents

• Lagarde keeps the door open for further ECB rate hikes
• More stagflationary pressures in staff projections but no reason for aggressive hikes
• Were there any other signals during the press conference?

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