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πŸ‡ͺπŸ‡Ί Lagarde rejects 'insurance hike' and writes stagflation into the ECB's official baseline
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πŸ‡ͺπŸ‡Ί Lagarde rejects 'insurance hike' and writes stagflation into the ECB's official baseline

Macro Soup Newsroom Macro Soup Newsroom 3 min read

The European Central Bank raised its deposit facility rate to 2.25% on June 11, with staff projections now officially embedding 3.0% inflation and 0.8% GDP growth for 2026. Christine Lagarde's rejection of the "insurance hike" framing makes September a probable follow-up.

Six formally dressed individuals standing in a line in a modern room with large glass windows overlooking a city.
ECB President Christine Lagarde and Vice-President Boris VujčiΔ‡ joined the Executive Board in announcing the 25 basis point rate hike on June 11 as inflation pressures from geopolitical energy shocks intensified. Source

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