ECB decision: Lagarde raises interest rates – and risks

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ECB decision: Lagarde raises interest rates – and risks

This article is an acquisition of Capital , Capital's premium digital offering. For you as a stern PLUS subscriber, it is exclusively available here until X.XX.2022. After that, it will again only be available to Capital subscribers at www.capital.de/plus

Christine Lagarde had already explained the current monetary policy decisions of the European Central Bank (ECB) for around an hour on Thursday. Actually, everything had been said, but then the head of the euro area made it clear again, so to speak for the last few who hadn't understood her tough interest rate message that afternoon: Of course, a 50 basis point interest rate hike is not the new normal in monetary policy. But there could still be another 50 basis point rate hike in February, and – theoretically, of course – again and again afterwards. Almost an unchecked continuation of the current rate hike of 50 basis points.

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