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- Investing.com
ECB Maintains High Interest Rates to Combat Inflation Amid Economic Slowdown
The European Central Bank (ECB) is determined to keep interest rates high enough to restrict business activity "as long as necessary" to counter inflation, according to the bank's president, Christine Lagarde. Speaking on Monday, she noted that the upward pressure on prices remains robust in the eurozone due to factors such as strong spending on holidays and travel and increasing wages.
- Investing.com
ECB Maintains High Borrowing Costs to Control Inflation Amid Economic Difficulties
The European Central Bank (ECB), under the leadership of President Christine Lagarde, has reaffirmed its commitment to sustaining high borrowing costs, as necessary, to regulate consumer prices amidst challenging economic conditions. This pledge was made in Lagarde's address to the European Parliament on Monday.
- Investing.com
ECB's Villeroy advocates patience in monetary policy amid rising oil prices
European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau, in a speech on Monday, stressed the importance of a patient approach towards the current monetary policy. He warned against "testing the economy until it breaks" and suggested focusing on persisting with high interest rates rather than constantly pushing for higher levels.
