ECB Made Right Choice in June Rate Hike, Lagarde Tells Les Echos
Bloomberg 2026-07-02 17:10:23
Context: European Central Bank President Christine Lagarde defended the bank's decision to raise interest rates in June, stating that the move was timely and appropriate. The comments were made in an interview with the French newspaper Les Echos. The rate hike was a significant monetary policy decision made by the ECB.
Key Facts
- European Central Bank President Christine Lagarde told Les Echos that the bank was right to raise interest rates in June, indicating her support for the decision.
- The interest rate hike in June was a significant monetary policy move made by the European Central Bank.
- Lagarde's comments were made in an interview with Les Echos, a French newspaper, providing insight into the ECB's decision-making process.