ECB’s Lagarde:
Underlying inflationary pressures remain high
No clear evidence that underlying inflation has peaked
Price pressures remain strong
It is very likely we will stop all reinvestment in APP
Wages pressures have strengthened further
Decisions will continue to be based on incoming data
Our rate hikes are being transmitted forcefully to financing conditions
Full effects of our monetary policy measures are starting to materialize
Effects of our policy can be expected to strengthen in coming years