Free Trial

MNI BRIEF: Consensus More Difficult As Peak Approaches-Lagarde

(MNI) ROME
(MNI) Rome

It will be more difficult for the ECB's Governing Council to reach consensus as the end of the rate hiking cycle approaches, even if “we are not there yet,” bank president Christine Lagarde said in an interview with Spain's RTVE on Friday.

“The closer you get to the end of the journey, and we are not there, the more subtle it gets and the more difficult it is to calibrate the right timing, the right pace, the right level and to reach consensus”, she said.

The ECB will also face delicate decisions in the short term to bring inflation back to 2% and it is likely that the central bank will continue with rate hikes, she said.(MNI INTERVIEW: Higher ECB Peak Rate Means Faster To Cut-Simkus)

MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com
True
MNI Rome Bureau | +34-672-478-840 | santi.pinol.ext@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.