The central question is also asked right at the beginning: Does today’s increase mean the end of the interest rate hike cycle? Lagarde remains cautious and refers to the content of the statement. It states that interest rates will remain in a “sufficiently restrictive range” for “as long as necessary.” That keeps the door open for further increases. However, it was previously said: Based on the current level, provided that it is maintained, interest rates contribute “significantly” to a decline in inflation towards the target level. This could be interpreted as an indication that interest rates will remain at the new level for the time being .
This is how President Lagarde explains the tenth interest rate increase in a row
