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Lagarde says some ECB governors considered rate hike

European Central Bank President Christine Lagarde said some governors considered a rate hike at the latest ECB meeting. The comment relates to the meeting at which the ECB kept its key deposit rate unchanged at 2.25 percent, according to a supplied published candidate. The candidate also said the bank was monitoring the inflationary impact of fresh conflict in the Middle East.

Update

Christine Lagarde said some governors considered a rate hike at the latest ECB meeting.

Source note: AFP news report published on 23 July 2026 at 13:15:28 UTC.

Update

The ECB said uncertainty remained high.

The ECB said the full inflationary impact of the energy shock had not yet played out.

The ECB said its Governing Council was closely monitoring the intensity and duration of the shock.

Source note: AFP news report published on 23 July 2026 at 12:24:33 UTC.

Uncertainty notes

The source does not say how many governors considered a rate hike beyond Lagarde's wording of "some governors".
The source does not give further details on the discussion.

Source

AFP news report published on .

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