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ECB's Lagarde Urges Patience Amid Eurozone Economic Shift

4/15/2026

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Summary

Story summary

ECB President Christine Lagarde said the eurozone economy shifted due to rising energy costs linked to the Iran war.
She added that this shift does not justify a bias toward raising interest rates.
Lagarde described the economy as between the ECB's baseline and adverse scenarios and said the bank remains data-dependent.
She said speculation of imminent rate hikes is premature and urged patience for more data.

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Story summary

ECB President Christine Lagarde said the eurozone economy shifted due to rising energy costs linked to the Iran war.
She added that this shift does not justify a bias toward raising interest rates.
Lagarde described the economy as between the ECB's baseline and adverse scenarios and said the bank remains data-dependent.
She said speculation of imminent rate hikes is premature and urged patience for more data.