ECB President Lagarde Reaffirms Data-Driven, Meeting-by-Meeting Policy Approach

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European Central Bank President Lagarde said on the 11th that the central bank will continue to base its policy decisions on data at each Governing Council meeting over the coming months. At its meeting on the 10th, the ECB decided to raise its policy interest rate by 0.25 percentage points, in line with expectations and marking its second rate hike this year. Speaking at an event hosted by French bank BPCE in Paris, Lagarde described the decision as unanimous, with no objections raised among the 27-member Governing Council.

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％ECB rates
ECBRATES
▲ PositiveMonetaryrelevance

ECB raised its policy rate by 0.25pp, its second hike this year, lifting the ECB policy rate.

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Groupe BPCEPrivate± Mixed
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