ECB’s Lagarde Sees Multi-Meeting Rate Holds A Possibility
The ECB last week lowered its key interest rate, but said it wasn’t committing to a particular path over coming meetings
The European Central Bank may leave its key rate unchanged for more than one meeting as it awaits confirmation that inflation is on a path to its target, President Christine Lagarde said in an interview published Tuesday.
The ECB last week lowered its key interest rate, but said it wasn’t committing to a particular path over coming meetings. It also raised its inflation forecast for this year and next.
“We’ve made the appropriate decision, but it doesn’t mean interest rates are on a linear declining path,” Lagarde said in an interview with newspapers. “There might be periods where we hold rates again.”
Asked if those periods could last for more than one meeting, Lagarde replied “It’s a possibility.”