Lagarde Says ECB Debated If Hike Would Be Appropriate

European Central Bank President Christine Lagarde, speaking at a news conference in Frankfurt, says policymakers are “very attentive” to second-round inflation effects but adds that, for now, “we are not seeing a risk of second-round effects in addition to what is already included in the projections.” She also reveals that the ECB discussed whether a rate hike today was appropriate but the Governing Council finally unanimously decided to keep them unchanged. (Source: Bloomberg)