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"It is appropriate for policy to return to more normal settings," Christine Lagarde said on Wednesday (Photo: Council of the EU)

Lagarde signals summer interest rate hike

In a speech celebrating the 30th anniversary of the Slovenian Central Bank, European Central Bank (ECB) president Christine Lagarde said on Wednesday (11 May) that the bank will increase interest rates in the eurozone "some time after the end of net asset purchases," which is set for the third quarter.

Although choosing her words carefully, experts took this as the clearest signal the bank is set to hike rates sooner rather than later.

"To sum up Lagarde's speech: first rate hik...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

"It is appropriate for policy to return to more normal settings," Christine Lagarde said on Wednesday (Photo: Council of the EU)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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