ECB's Lagarde Pushes Back on Back-to-Back Rate Hike Expectations, Weighing on Euro

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European Central Bank President Lagarde has pushed back against expectations for another back-to-back ECB rate hike, according to MUFG's Lee Hardman. Lagarde stressed higher long-term yields and the need for a measured response, comments that weighed on the euro. The pushback tempers market expectations for consecutive ECB rate increases.

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Lagarde pushes back on back-to-back ECB rate hikes, tempering expectations for consecutive increases.

Others▼ · 1 stocks