ECB Chief Lagarde: Certain made right decision raising rates in June; Honestly don't know if there will be further tightening at upcoming me

As early as April, a large majority of Governing Council members were already prepared to take a decision.

But at that point we still didn’t have all the necessary information.

All the data we have received since then have confirmed our analysis. - - We only lowered our growth forecast by 0.1 percentage points, from 0.9% in March to 0.8% in June.

The unemployment rate is close to its historic low and labour force participation continues to increase – more slowly, admittedly, but it is still increasing.

The financial sector is robust, with well capitalised banks and no known risk of significant financial instability.

I have to say that we considered lowering our growth forecasts a little more. - - As I have said before, I have a general sense of the direction we will take, but the facts will guide us within our monetary policy framework, which is very clear. - - Clearly, there are public debt and indebtedness trajectories within Member States that need to be monitored very closely – and, in some cases, corrected.

But I take a consolidated view for the euro area.

So no, I am not concerned, provided that commitments are honoured. - - Plan to stay in post to end of term in Oct 2027 - - - - Link: