Saturday, March 15, 2025 | 10:26 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Christine Lagarde says 2022 hike unlikely but ECB will act if needed

"When the conditions of our forward guidance are satisfied, we will not hesitate to act," Lagarde told Reuters in a webcast interview on Friday.

Christine Lagarde, ECB president
Premium

Photo: Bloomberg

Alexander Weber and Carolynn Look | Bloomberg
European Central Bank President Christine Lagarde called the prospect of an interest-rate increase next year unlikely, but said she’d quickly take action to combat elevated inflation should it become necessary.

“When the conditions of our forward guidance are satisfied, we will not hesitate to act,” Lagarde told Reuters in a webcast interview on Friday.

Her remarks come just days after data showed euro-area consumer prices shot up 4.9% in November -- the fastest rate since the common currency was created -- and jumped quicker still to 6% in inflation-averse Germany. 

The comments also follow an abrupt hawkish shift from Federal Reserve Chair Jerome

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in