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MNI BRIEF: ECB Rate Hike Line Offers Open Time Frame: Lagarde

(MNI) London

The decision to alter the potential time frame in which interest rates could rise once net new asset purchases end offers greater flexibility to the European Central Bank's Governing Council, President Christine Lagarde said Thursday.

Amending the guidance to "some time after" gives policymakers an open time horizon, "which will be data dependent. It can be the week after or it can be months later," Lagarde said.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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