Lagarde says ECB may need to tighten above neutral rate

ECB President Christine Lagarde February 2022

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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