ECB's Lagarde Says Short-Term Inflation Expectations Have Risen
ECB President Christine Lagarde stated that short-term inflation expectations have increased, following the central bank's decision to raise key rates by 25 basis points at its June policy meeting.
European Central Bank President Christine Lagarde acknowledged that short-term inflation expectations have risen during her press conference following the June policy meeting.
The ECB raised its key interest rates by 25 basis points at that meeting, continuing its tightening cycle to combat elevated inflation. Lagarde's remarks suggest that while headline inflation may be easing, underlying price pressures remain a concern for policymakers.
The central bank remains data-dependent and will assess incoming information before determining its next steps.
Source: FXStreet Forex News