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ECB’s Lagarde: Persistent Energy Shock Obliged Us to Hike Rates

ECB’s Lagarde: Persistent Energy Shock Obliged Us to Hike Rates

By David Barwick – FRANKFURT (Econostream) – The European Central Bank was obliged to raise interest rates because the energy shock was proving more persistent than initially expected and the euro area economy remained resilient, ECB President Christine Lagarde said Saturday.

12 September 2026

ECB Tone Meter

Entire Governing Council

27 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 11 September 2026

Meeting Bias

ECB Governing Council Meeting