Lagarde Says Energy Price Hikes Spreading Through Economy (opens original article in a new tab)

ECB President Lagarde stated that high energy prices are causing second-round effects in the economy, leading to interest rate hikes and potential further increases.

• ECB President Lagarde mentioned that high energy prices are affecting other parts of the economy.
• ECB raised interest rates for the first time since 2023 due to increased price pressures.
• There is a possibility of another rate increase at the July meeting, according to officials.