The ECB raised all three of its key interest rates by 0.25 percentage points, taking the key deposit rate to a 22 year high of 3.5pc. The action is in line with expectations.
- The Telegraph
Ms Lagarde said that it was “very likely” that rates will increase again at its next meeting in July.
She repeated that the 20 country bloc still had “ground to cover” on tackling inflation, suggesting that the deposit rate was on course to climb to the record set in 2000 next month and…