ECB President Lagarde: It is good practise to start with incremental rate increase
|When questioned on why the European Central Bank (ECB) has signalled its intention to raise interest rates by 25 bps in July and not by 50, President Christine Lagarde said that it is good practise to start an interest rate hiking cycle with an incremental increase that is sizeable, but not excessive, as per a tweet by Bloomberg's Jonathon Ferro.
"we are now on our path to exit negative interest rates soon... it is good practice... to start with an incremental increase that is sizeable and not excessive... we also want to observe how markets will operate"
— Jonathan Ferro (@FerroTV) June 9, 2022
Pres Lagarde on why they will hike 25bp in July and not 50bp
"we are now on our path to exit negative interest rates soon... it is good practice... to start with an incremental increase that is sizeable and not excessive... we also want to observe how markets will operate"
— Jonathan Ferro (@FerroTV) June 9, 2022
Pres Lagarde on why they will hike 25bp in July and not 50bp
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.