ECB holds and faces dilemma of whether to hike in June
Lagarde says direction is ‘clear’ as Iran conflict worsens outlook for inflation and growth
The European Central Bank’s governing council has held rates today (April 30).
At the press conference following its meeting on April 29–30, ECB president Christine Lagarde emphasised that the Middle East conflict had increased upside risks for inflation and downside risks for growth.
Lagarde said that over the past two days, Eurosystem governors had debated whether to hold rates or hiking them. They had ended up making an “informed decision on the basis of… insufficient information” as second
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