Markets · Investment news

‘Inflation outlook continues to be too high for too long’

Christine Lagarde, ECB President, arriving at the 4 May ECB press conference in Frankfurt. Photo: ECB.

The European Central Bank on Thursday began to slow down its pace of rate hikes, announcing an increase of 25 basis points following seven back-to-back increases of 50 basis points. The ECB said that underlying price pressures in the 20 Eurozone countries remain strong.

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