Lagarde Defends ECB's June Rate Hike, Says Majority Was Ready by April
Updated
Updated · Bloomberg · Jul 2
Lagarde Defends ECB's June Rate Hike, Says Majority Was Ready by April
3 articles · Updated · Bloomberg · Jul 2
Summary
Christine Lagarde said the ECB was right to raise interest rates in June, calling the move the correct decision in an interview with Les Echos.
April was already the point when a large majority of the Governing Council was ready to act, she said, but policymakers still lacked all the information needed to decide.
The remarks reinforce that the June increase was a deliberate, data-dependent step rather than a late shift in the ECB's stance.