Christine Lagarde, President of the European Central Bank (ECB), announced a new rate decision Thursday following new inflation data.
"On the other hand, growing wage pressure and falling but still high inflation expectations call for caution."
Recent inflation data shows that price dynamics are abating but consumer price rises are still far too high.
At 6.1% year-on-year for the headline rate, and 5.3% for the core rate, inflation remains too high for comfort in Frankfurt with wage pressures still building.
The bank's benchmark rate is currently at 3.25%.
Persons:
Christine Lagarde, Fritzi, Mark Wall
Organizations:
European Central Bank, ECB, FRANKFURT, Deutsche Bank
Locations:
Frankfurt