Faced with inflation, the ECB will raise its rates “over the next few months”

Published on: 06/09/2022 – 15:58 The European Central Bank (ECB), which announced its first rate hike for July in more than ten years, is expected to carry out “a series” of rate hikes at coming months to try to limit the rise in prices, said Thursday its president, Christine Lagarde. The European Central Bank (ECB), which announced its first rate hike in more than a decade for July, is expected to carry out “a series” of rate hikes over the coming months in an attempt to rein in inflation, it said. indicated its president, Christine Lagarde, on Thursday, June 9. The Frankfurt institute does not intend to “limit itself” to the rise in July, but plans “a series of movements over the coming months, depending on the inflation outlook for medium term”, explained Christine Lagarde during a press conference. “So can we expect the July interest rate hikes to have an immediate effect on inflation? The answer to that question is no,” she added, pointing out that the impact would be seen “in the long term”. With AFP