Lagarde's Comments Point To A December ECB Rate Hike

What happened: The ECB held rates at today's meeting, and Lagarde is out, according to Carsten Brzeski's commentary on the decision. Why it matters: Brzeski says the message is more nuanced than the headline, and despite growing stagflationary pressures the ECB still looks set to act, with his comments pointing to a December rate hike. Coverage: 5 outlets in 24h

The ECB held rates at today's meeting, and Lagarde is out, according to Carsten Brzeski's commentary on the decision.

Brzeski says the message is more nuanced than the headline, and despite growing stagflationary pressures the ECB still looks set to act, with his comments pointing to a December rate hike.