The ECB’s top economist anticipates increasing inflation and a sluggish economy.
• The ECB chief said at the beginning of June that rates will go up next month and then again after the summer.
• This would be a huge change for the central bank, which has kept rates below zero since 2014.
• However, it’s not clear if Lagarde will go through with multiple rate hikes because the growth outlook for the region is getting worse.
Philip Lane, the head economist at the European Central Bank, said that the Frankfurt institution will have to stay on guard over the next few months because inflation could keep going up and there is a chance that consumers could slow down the economy in the region.
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