ECB chief Lagarde hints at rate hikes amid stubborn inflation

European Central Bank president calls for stiffer regulation after crises

20230510 Lagarde

ECB President Christine Lagarde recently spoke with Nikkei online. (Photo by Marlies Matthes)

SHOGO AKAGAWA, Nikkei editor-in-chief for Europe, Middle East and Africa, and TAKERO MINAMI, Nikkei staff writer

LONDON -- In an exclusive interview with Nikkei, European Central Bank (ECB) President Christine Lagarde expressed concern over rising prices in the eurozone, saying, "There are factors that can induce significant upside risks to the inflation outlook."

Despite concerns about the banking sector, she indicated that the ECB does "not have a recession in our baseline projection for 2023," and strongly hinted at further increases to interest rates.

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