ECB citing resilience to hike rates

The President of the European Central Bank, Christine Lagarde, stated that the euro area's economy has become more resilient to economic shocks, giving the bank greater flexibility to raise interest rates without risking financial disruptions. She emphasized that this resilience is based on the continuous development of the bank's tools and the improvement of the region's financial infrastructure, despite expectations of ongoing inflation increases. The bank is currently discussing the possibility of another interest rate hike to contain inflationary pressures.

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