There is a “strong probability” of raising interest rates

ECB: There is “strong probability” of raising interest rates

The president of the European Central Bank (ECB) admitted that there is “a strong probability” that the institution will raise interest rates until the end of the year, if inflation remains high.

“If the situation continues, as is currently thought, there is a strong chance that rates will rise until the end of the year,” said Christine Lagarde this Friday.

In the eurozone, inflation hit a record 7.5% in March, well above the 2% target set by the ECB.

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Source: Jornal i by ionline.sapo.pt.

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