“With today’s decision, we have made sufficient contributions, under the current assessment, to returning inflation to target in a timely manner,” Lagarde told reporters in Frankfurt. “The focus is probably going to move a bit more to the duration, but it is not to say — because we can’t say — that now that we are at peak.”
The European Central Bank raised interest rates for the 10th consecutive time as President Christine Lagarde signalled a shift in gear that could mean the peak has been reached.
While economists and investors now see the 4% level set on Thursday as the high point for borrowing costs in the current tightening cycle, the ECB chief insisted that she can’t yet say if that’s the case.
