Even if a status quo is expected at the end of the month…
(Boursier.com) — Christine Lagarde does not rule out the idea of a further increase in interest rates. The President of the European Central Bank specified that the Institution is studying the impact of previous measures which are still being felt. Speaking to ‘Bloomberg Television’s Tom Keene at a panel discussion in the city of Marrakech, she said policymakers were judging “multiple moving parts” that affect the outlook for the euro zone and world economies. entire.
“We have witnessed a tightening of financial conditions like we have never seen before,” declared C. Lagarde, observing that the effects of a “strong but staggered” monetary policy have not yet fully impacted the economy. economy. “As I’ve said before, our goal, our mission, is to get inflation down to 2% in the medium term – and we will, and it’s happening as we speak, and we’re going to hang on to it, remain stable for long enough, and be prepared to do more if necessary.”
The next ECB meeting is scheduled for October 26. The market anticipates a status quo after 10 consecutive increases in borrowing costs from the Frankfurt-based institution.
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