European Central Bank President Christine Lagarde said the central bank is determined to bring inflation back to the 2 percent target and reaffirmed that policymakers stand ready to provide liquidity support when needed in the backdrop of the recent financial market turmoil triggered by the banking sector crisis.
"That should not be doubted, the determination remains intact," Lagarde said in a press conference following the policy decision announcement. The ECB raised interest rates by 50 basis points earlier on Thursday, in line with the guidance in February. However, the bank did not provide any forward guidance on interest rates.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.