The European Central Bank won’t rush into raising interest rates and will pursue any policy tightening slowly, ECB President Christine Lagarde cautioned Friday.
- Johanna Treeck
- Politico
Lagarde rattled bond markets last week by opening the door to interest rate hikes this year.
Her comments prompted a notable shift in tightening expectations, with markets now pricing in a 50-basis-point increase in the ECB’s deposit rate by year-end.
“If we acted too hastily now, the recovery of our economies could be considerably weaker and…