Lagarde Says ECB Will Not Be Pausing Rate Hikes

The transcript discusses the importance of focusing on the journey rather than the destination, particularly in the context of monetary policy. It highlights the need for future decisions to ensure policy rates are restrictive enough to achieve a 2% inflation target. The speaker reviews the progress made in interest rate changes over the past nine months and acknowledges the diversity of opinions among governors regarding the appropriate rate increases.

What was the range of basis points discussed in relation to the monetary policy?

What differing views were expressed by governors regarding the appropriate rate increase?