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ECB’s Lagarde: Energy Shock May Lead ECB to Raise Rates Further

ECB’s Lagarde: Energy Shock May Lead ECB to Raise Rates Further

By David Barwick – FRANKFURT (Econostream) – European Central Bank President Christine Lagarde said the current energy shock could lead the ECB to raise interest rates further if necessary to prevent higher energy costs from feeding durably through the economy and pushing up inflation.

30 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 30 September 2026

Meeting Bias

ECB Governing Council Meeting