The ECB is struggling to keep the interest rate going – what will happen in March?

Frankfurt For ECB President Christine Lagarde, the further direction of monetary policy in the euro area is clear. The European Central Bank (ECB) will not deviate from its course of interest rate hikes for the time being, it confirmed on Monday. The mission will only be accomplished if a timely return of inflation to the target value of two percent is guaranteed.

But the debate over the extent of further rate hikes is gaining momentum. The tensions are likely to increase – even if the tone has remained friendly so far. In December, the ECB had given relatively clear prospects of further interest rate hikes of half a percentage point each. This is therefore considered very likely for the next meeting on February 2nd.