Lagarde Pushes Back on Rate Hike Bets
European Central Bank President Christine Lagarde pushed back against market bets for aggressive rate hikes following a surge in energy costs. Lagarde stated that interest rates do not move in lockstep with energy prices and emphasized that the central bank will maintain a measured response.
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European Central Bank President Christine Lagarde pushed back on market rate-hike bets in Ireland on Friday afternoon, citing broader economic factors. The pushback follows a surge in Natural Gas and Brent Crude Oil prices toward adverse scenarios. Markets currently price up to four more rate hikes as inflation risks approach 4%.
