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ECB's Lagarde Refuses to Signal June Rate Hike, Cites Uncertainty Over Iran Conflict on May 9

GateNews
Forex

According to Spanish national television, ECB President Christine Lagarde on May 9 refused to signal whether the central bank will raise rates next month, citing “enormous uncertainty” about the impact of the Iran conflict on inflation. Lagarde stated that policymakers need “more data” to understand the conflict’s effects. She emphasized the ECB is “caught between the risks of acting too fast and too slowly” while seeking the correct path to achieve its 2% medium-term inflation target.

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