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Financial Times — World — Monetary Policy — Inflation — Interest Rates — Economy

ECB must do more to tackle inflation ‘monster’, says Christine Lagarde

ECB president Christine Lagarde has signalled further interest rate rises to tackle inflation, which has fallen for four months after reaching a record 10.6%. Financial markets are pricing in a jump in the bank’s deposit rate to 4% later this year.

1 min read
  • ECB president Christine Lagarde warned underlying price pressures will remain “sticky in the short term” and signalled further interest rate rises.
  • Inflation is “a monster that needs to be knocked on the head”.
  • ECB not seeking to “break the economy” with rate increases.
  • Eurozone inflation has fallen for four months after hitting a record 10.6 per cent in October.
  • Financial markets are pricing in a jump in the bank’s deposit rate to 4 per cent later this year.
ECB must do more to tackle inflation ‘monster’, says Christine Lagarde
Central bank not seeking to ‘break economy’ but price pressures remain sticky, warns president
Financial TimesMartin Arnold

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