ECB enters new phase in fight against inflation

ECB president Christine Lagarde

The European Central Bank (ECB) is entering a new phase in its fight against inflation, former officials and analysts say.

On June 15, the governing council is widely expected to deliver another 25 basis points rate increase, taking the deposit rate to 3.5%. But as inflation remains way over the 2% target, financial conditions become tighter and the economy weakens, the institution will face more challenging trade-offs going forward.

“The ECB is entering a new phase,” says Peter Praet, ECB

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