Economics

Lagarde’s Half-Hearted Pushback Leaves ECB Hike Bets Alive

President acknowledges inflation may last longer than expected
‘Not for me to say’ if markets ahead of themselves, she adds

WATCH: ECB President Christine Lagarde comments on interest-rate hike expectations for next year during a virtual press conference on Thursday.

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By Alexander Weber and James Hirai

October 28, 2021 at 9:06 AM EDT

Updated on

October 28, 2021 at 11:59 AM EDT

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European Central Bank President Christine Lagarde’s bid to drive home a commitment to ultra-loose monetary policy fell short on Thursday as investors kept alive bets for interest-rate hikes as soon as next year.

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