UK markets close in 1 hour 26 minutes
  • FTSE 100

    7,317.09
    -6.32 (-0.09%)
     
  • FTSE 250

    19,015.56
    -335.71 (-1.73%)
     
  • AIM

    895.72
    -11.89 (-1.31%)
     
  • GBP/EUR

    1.1557
    -0.0018 (-0.15%)
     
  • GBP/USD

    1.2116
    -0.0069 (-0.56%)
     
  • BTC-GBP

    16,566.54
    -891.32 (-5.11%)
     
  • CMC Crypto 200

    432.83
    -6.83 (-1.55%)
     
  • S&P 500

    3,835.81
    +14.26 (+0.37%)
     
  • DOW

    31,133.31
    +186.32 (+0.60%)
     
  • CRUDE OIL

    113.48
    +1.72 (+1.54%)
     
  • GOLD FUTURES

    1,820.90
    -0.30 (-0.02%)
     
  • NIKKEI 225

    26,804.60
    -244.87 (-0.91%)
     
  • HANG SENG

    21,996.89
    -422.08 (-1.88%)
     
  • DAX

    12,996.94
    -234.88 (-1.78%)
     
  • CAC 40

    6,019.20
    -66.82 (-1.10%)
     

ECB's Lagarde sticks to rate-hike plans

President of the European Central Bank Lagarde speaks at the London School of Economics

FRANKFURT (Reuters) - European Central bank President Christine Lagarde reaffirmed on Monday plans to raise the ECB's interest rates twice this summer while fighting widening spreads in the borrowing costs of different euro zone countries.

"These decisions underpin our previous commitments to adjust all of our instruments within our mandate, incorporating flexibility if warranted, to ensure that inflation stabilises at our 2% target over the medium term," Lagarde told the European lawmakers.

(Reporting By Francesco Canepa; Editing by Balazs Koranyi)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting