: European Central Bank concerned about inflation #FinanceIndia #StockMarketNEWS #Business Frankfurt: The head of the European Central Bank (ECB) said record inflation could linger for “longer than

@StockMarketNEWS Wed 09 Feb, 2022

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European Central Bank concerned about inflation #FinanceIndia #StockMarketNEWS #Business
Frankfurt: The head of the European Central Bank (ECB) said record inflation could linger for “longer than expected??? and appeared to open the door at least a crack for an interest rate increase this year.

Asked twice by journalists Thursday, Christine Lagarde declined to repeat previous comments that a rate hike was “very unlikely??? this year. She said officials would pay careful attention to the numbers and revisit their inflation stance next month.

At the same time, she said the bank would stick with its schedule for withdrawing economic stimulus used to cushion the impact of the COVID-19 pandemic, which would leave only a little room for an increase this year.

Any hike would have to follow the end of bond purchases, now slated for October.

Lagarde spoke after the bank left interest rates and stimulus programs unchanged even as the other central banks move to counter inflation with rate hikes, including the Bank of England on Thursday.
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