Two key policymakers of the European Central Bank warned on risks posed by high inflation and signaled that they are not done with raising interest rates despite the latest banking crisis that has put the aggressiveness of central banks in tightening policy under doubt.
"With high uncertainty, it is even more important that the rate path is data-dependent," ECB President Christine Lagarde said in her speech at the ECB Watchers conference on Wednesday. "This means, ex ante, that we are neither committed to raise further nor are we finished with hiking 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.