TELETRADER News
2/2, 3:07 PM
(Source: TeleTrader)
Lagarde: Future rate decisions to depend on data
European Central Bank (ECB) President Christine Lagarde said on Thursday that the bank's future policy rate decisions will be "data-dependent" and determined from meeting to meeting.
Lagarde reiterated that the ECB currently expects to raise rates by another 50 basis points in March and continue hiking rates at a "steady pace" and keep them restrictive "sufficiently long" to ensure a "timely return" to its 2% medium-term inflation target.
Still, she pointed out the bank stands ready to adjust all of its instruments as needed in order to ensure inflation returns to target.