2/2, 3:07 PM (Source: TeleTrader)
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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.

Baha Breaking News (BBN) / NP