ECB President Signals Gradual Rate Hikes Despite Stubbornly High Inflation

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SINTRA, Portugal—European Central Financial institution President Christine Lagarde mentioned the financial institution would elevate rates of interest step by step over the approaching months, veering from a worldwide push towards sooner charge will increase as inflation broadens and intensifies all over the world.

Talking on the ECB’s annual financial coverage convention in Portugal on Tuesday, Ms. Lagarde mentioned Europe’s inflation drawback was deepening, however warned that the area additionally confronted weaker development prospects associated to the war in Ukraine.

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