Lagarde says data will tell if December rate hike needed

RTÉ News · RTÉ News · 2026-11-06 13:45 UTC

The European Central Bank is looking at indicators to see if an interest rate hike will be warranted next month, after it held rates steady in October, the bank's outgoing President Christine Lagarde said.

The European Central Bank is looking at indicators to see if an interest rate hike will be warranted next month, after it held rates steady in October, the bank's outgoing President Christine Lagarde said.

The ECB last week left its key deposit rate at 2.5%, buta long list of policymakers, including the influential heads of the German and Italian central banks, have already signalled another move in December may be likely.

"We will have many indicators between now and December that will really help us determine whether a hike is necessary," Lagarde said at a financial literacy conference in Milan organised by Italy's Osservatorio for independent thinking.

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