Central Banks
ECB Officials Get Behind Lagarde’s Pledge of More Rate Hikes
- Policymakers delivered quarter-point increase on Thursday
- Lagarde has flagged at least two more moves in the pipeline
European Central Bank officials are rallying behind President Christine Lagarde’s declaration that there’s still some way to go before interest rates reach their peak.
Economists and traders had pared bets in the runup to Thursday’s policy meeting on concern that US banking turmoil would spill over into Europe and curtail the ECB’s hiking cycle.