ECB set for further rate hikes despite recession risk

ECB set for further rate hikes despite recession risk – Lagarde ...News

Russia Today - Economy

Inflation is too high across the euro area and risks spreading throughout the economy, the head of the regulator says The European Central Bank (ECB) will continue to raise interest rates to curb inflation in the Eurozone, even though the risk of recession has grown, ECB President Christine Lagarde said in an interview with Delfi published on Tuesday. Since July, the ECB has raised interest rates by a combined 200 basis points, the “fastest increase in the history of the euro,” taking Eurozone rates to 1.5%, the highest since 2009, in an attempt to combat soaring inflation. The bank seeks to ensure that inflation

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