US EditionInterest rates will stay high 'as long as necessary,' the European Central Bank's leader says
- Interest rates in the Eurozone will remain high to combat persistent inflationary pressures, as stated by ECB President Christine Lagarde.
- The ECB recently raised its benchmark deposit rate to four percent, after multiple rate increases since July 2022. This move is in contrast to other central banks, such as the Bank of England and the US Federal Reserve, which have not raised rates recently.
- While inflation is declining, it is still expected to remain elevated for an extended period. This necessitates the continuation of high interest rates to effectively tackle inflationary pressures.
15 Articles
15 Articles
ECB chief: Rates to stay high for 'as long as necessary'
FRANKFURT, Germany — The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Still, she sympathized with homeowners who have seen their mortgage payments jump. Christine Lagarde said rates would stay high because upward pressure on
The head of the European Central Bank insists that interest rates will remain high “for as long as necessary”
European Central Bank President Christine Lagarde reiterated on Monday that interest rates would remain high for as long as it takes for inflation to return to the 2 percent target, even as the economy goes through a difficult period.
Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.” Christine Lagarde said Monday that “strong spending on holidays and travel” and increasing wages were slowing the decline in price levels even as the economy in the 20 cou…
Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
The head of the European Central Bank said Monday that interest rates will stay high enough to restrict business activity for "as long as necessary" to beat back inflation because upward pressure on prices "remains strong" in the 20 countries that use the euro currency.
Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
The head of the European Central Bank says interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”
Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
The head of the European Central Bank says interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”
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