Free Trial

MNI BRIEF: "Solid Majority" For ECB Hike, Lagarde Says

(MNI) London

There was a solid majority for Thursday's 25bp hike in the European Central Bank's key rates, President Christine Lagarde said, although she conceded that some Governing Council members would have preferred to pause in order to assess the effect of tightening to date.

Lagarde said the ECB would remain data-dependent in its policy decisions, and that rates are at a level that would help return inflation to target if held for a long-enough period. She noted however that she had not said that rates are at peak.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

To read the full story



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.