- 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.
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.
