Current interest rates status.
European Central Bank head – Christine Lagarde – said on the 16th of October that interest rates would remain high enough “for as long as necessary” to curb inflation. Lagarde said rates would remain high as upward pressure on prices “remains strong” in the 20 countries that use euros. She added that the Central Bank remains committed to ensuring that inflation returns to its medium-term target of 2% in a timely manner.