OVIEDO: European Central Bank (ECB) President Christine Lagarde repeated on Friday that the bank is not considering interest rate cuts but hinted that rates may have peaked, reported Anadolu.“We consider that the key ECB rates have reached levels that, maintained for a sufficiently long sustained duration, will substantially contribute to the timely return of inflation to our target,“ she said.Meanwhile, she emphasised that the ECB has not “decided, discussed or even pronounced cuts.”Thursday’s interest rate hike came as a surprise to some economists, who saw higher interest rates damaging an already weakening eurozone economy.Earlier this week, the European Commission forecast that next yea
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