Lagarde says ECB may need to tighten above neutral rate
The European Central bank may need to increase interest rates into restrictive territory to bring inflation down to its 2% target, according to Christine Lagarde.
In a speech today (November 4) at a conference organised by the Bank of Latvia, ECB president Lagarde said the governing council will announce plans to reduce its balance sheet in December. In October, year-on-year eurozone inflation reached a record-high 10.7%, up from 9.9% in September, official statistical agency Eurostat reported
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