Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Sept. 14, 2023. The ECB raised interest rates again, acting for the 10th consecutive time to choke inflation out of the euro zone’s increasingly feeble economy.
(Bloomberg) -- European Central Bank President Christine Lagarde reiterated that borrowing costs will remain elevated for some time to contain inflation.
Future ECB decisions “will ensure that the interest rates will be set at sufficiently restrictive levels for as long as necessary,” Lagarde said Wednesday at a conference in Frankfurt.
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- Read more: Lagarde Says ECB Rates to Stay Restrictive as Long as Needed
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