Lagarde: ECB Will Likely Hike in July If Baseline Stands

The transcript discusses the Euro system's recent interest rate hikes, totaling 400 basis points in under a year. The speaker emphasizes the data-dependent nature of their decision-making process, indicating that future rate hikes will be decided on a meeting-by-meeting basis. The possibility of a rate hike in July is mentioned, while decisions for September will depend on further data and projections prepared by the ECB staff.

What has been the increase in interest rates by the ECB in the past year?

What does the speaker mean by being 'data dependent'?

What is the significance of the term 'baseline' in the context of the ECB's decisions?

How does the ECB plan to make decisions regarding interest rates?

What information will be available for the September meeting?