ECB Half-Point March Rate Hike Very Likely, Lagarde Says

European Central Bank is set to raise borrowing costs by another half point at its March decision, according to President Christine Lagarde. Officials have suggested another half-point hike could be required in May, and ECB is scheduled to present new economic forecasts.

March 6, 2023 . 2:49 AM

1 min read

ECB is set to raise borrowing costs by another half point at its March decision, according to President Christine Lagarde.
With inflation still more than four times the central bank’s 2% target, and the underlying rate at a record, some officials have suggested another half-point hike could be required in May.
Lagarde reaffirmed ECB’s priorities: “My main concern is inflation. We don’t want to break the economy; that’s not our goal. Our goal is to tame inflation.”.
ECB is scheduled to present new economic forecasts after the next rate decision.