ECB looking at indicators to see if December hike needed, Lagarde says
TLT•The ECB is monitoring indicators to determine whether an interest rate hike is necessary in December, President Christine Lagarde said. She cited direct and indirect effects from the Iran war and ensuing energy shock.
1. Decision in December
The European Central Bank is looking at indicators to determine whether it needs to raise interest rates in December, outgoing President Christine Lagarde said. She said the Iran war and ensuing energy shock are increasing fuel prices and having indirect effects, and that indicators between now and December would help determine whether a hike is necessary.
