Lagarde restates ECB hiking plan as crisis tool takes shape

The Edge Markets LogoThe Edge Markets1 mo ago

Lagarde restates ECB hiking plan as crisis tool takes shape

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Officials were forced to act following a blowout of Italian bond yields in the wake of their plan to tighten monetary policy in coming months.

The ECB revised down growth forecasts for this year and next at its June meeting, while also expecting significantly faster inflation amid surging costs for energy and food.

The measure is meant to be finalized before the ECB’s Governing Council next scheduled policy meeting on July 20-21, people familiar with the matter have said.

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Category: InvestingFinance

Topics: July Meeting Tool September Monday Lagarde Inflation Officials Economy Policy Rates

Source Website Secure: Yes (HTTPS)

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Published On: 2022-06-20, 17:10:34

News Timezone: GMT +8:00

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Language: English

Reading Time: 4 minutes read

Article Length: 585 words

Coverage Area: Malaysia

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News ID: 1402

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