Economics
Lagarde’s Rate Plan Wins ECB Backing But Big Hikes Stay in Play
- Knot says 50 basis-point rate increase isn’t off the table
- Guindos, Lane explicitly endorse president’s policy plan
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
European Central Bank colleagues lined up to back President Christine Lagarde’s plan to exit negative interest-rate policy by the end of the third quarter, though some stressed that more aggressive action can’t be ruled out.