FRANKFURT (Reuters) – European Central Bank President Christine Lagarde kept options open on the size and number of the central bank’s future rate hikes on Monday, saying it would depend on a series of variables.
“How far we need to go and how quickly we get there will depend on our updated outlook, the persistence of shocks, the reaction of wages and inflation expectations and our assessment of the transmission of our monetary policy stance,” Lagarde told parliament. European.
Investors have been speculating about whether the ECB will raise rates by 50 or 75 basis points at its next meeting and the level at which borrowing costs will peak.
(By Francesco Canepa)
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