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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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Article Details

Category: InvestingFinance

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

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

News Timezone: GMT +8:00

News Source URL: theedgemarkets.com

Language: English

Reading Time: 4 minutes read

Article Length: 585 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 1402

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About The Edge Markets

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Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 104 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 8h ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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