Lagarde: ECB Rate Hikes to Curb Inflation, But Recession Risk Looms
- Lagarde confident ECB policy will bring inflation back to 2% target
- ECB has raised rates 10 times to bring deposit rate to record 4%
- Most policymakers think maintaining current level should be enough to curb inflation
- Lagarde says not aiming for recession, but acknowledges Germany weighing on European outlook
- Inflation slowing but still persisting as growth gets weaker, Lagarde notes
