European Central Bank (ECB) president Christine Lagarde is likely to discuss eurozone interest rates and inflation in this afternoon’s speeches.
In the ECB’s October meeting, the central bank suggested pausing the ongoing interest rate hikes. This was due to the prospect of a prolonged and deep recession affecting the eurozone’s economy, which would be likely to curb inflation to a larger extent.
Meanwhile, eurozone inflation seems to be cooling which may prompt further action from the bank’s policymakers.
