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News 2026-09-18 11:37 UTC

UPDATE 1 — Lagarde pushes back on market rate — hike bets after energy costs soar

(Adds quotes on yields, energy, adds market pricing, Vice President's comments) DUBLIN, Sept 18 (Reuters) — European Central Bank interest rates are not moving in lockstep with oil and gas prices, ECB President Christine Lagarde said on Friday, pushing back on market bets for aggressive rate hikes on soaring energy cos

News 2026-09-18 10:57 UTC

ECB rates not moving in lockstep with energy, Lagarde says

DUBLIN, Sept 18 (Reuters) — European Central Bank interest rates are not moving in lockstep with oil and gas prices, ECB President Christine Lagarde said on Friday, after markets priced in three to four more rate hikes on soaring energy costs. "Interest rates do not move in lockstep with the price of energy because, ob