Reply To: ECB Raises Rates Another 50 bps as Expected, Forecasts Higher Inflation


Lagarde Q&A:

We are deliberately turning our backs on forward guidance
We have to do additional rate increases
The pace of hikes will be determined meeting-by-meeting and be data dependent
Did not discuss substantive APP issues today
We stil have ground to cover on normalization
The ultimate destination is the rate that will deliver 2% inflation in the medium term
It might well be ‘several meetings’ but it will be determined meeting by meeting