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Business Maverick: Lagarde Defends Data-Led Path Beyond ECB’s Next Half-Point Hike

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European Central Bank President Christine Lagarde affirmed plans to lift interest rates by another half-point next month, saying officials remain determined to return inflation to the 2% goal.

released Tuesday. “We will look at all numbers — inflation, obviously, labor cost, projections and we will determine what our monetary-policy path will be after that.”

Bringing price gains back to the target is “the best thing we can do for the economy,” Lagarde told Finnish TV during aMost ECB officials are maintaining a tough stance as a retreat in headline inflation masks stubborn underlying price pressures. While there have been some calls to

 

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