ECB's Lagarde: Larger September Hike 'Appropriate' If Needed

The transcript discusses the end of net asset purchases on July 1st and the intention to raise key interest rates by 25 basis points on July 21st. It also outlines plans for another rate hike in September, contingent on the medium-term inflation outlook. The optionality principle is highlighted, indicating that if inflation does not improve, faster action may be taken. The commitment to these plans is data-dependent.

What principle reflects the decision-making process regarding interest rates?

What is the nature of the commitment regarding interest rate changes?