ECB explains its anti-inflation plan ...News

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ECB explains its anti-inflation plan
The central bank has raised interest rates from minus 0.5% to 3.75% over the past year to slow price growth Interest rates in the EU will be kept high “as long as necessary” in order to combat persistently high inflation, European Central Bank (ECB) President Christine Lagarde said on Friday in a speech at an annual conference of central bankers in Jackson Hole, Wyoming. According to Lagarde, “while progress is being made, the fight against inflation is not yet won.” “In the current environment, this means – for the ECB – setting interest rates at sufficiently restrictive levels for as long as necessary to achieve

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