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ECB's Lagarde: rate cut not on the agenda

Published 15/09/2023, 11:47
© Reuters. European Central Bank (ECB) President Christine Lagarde attends a press conference following the ECB's monetary policy meeting in Frankfurt, Germany, September 14, 2023. REUTERS/Wolfgang Rattay
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© Reuters. European Central Bank (ECB) President Christine Lagarde attends a press conference following the ECB's monetary policy meeting in Frankfurt, Germany, September 14, 2023. REUTERS/Wolfgang Rattay

SANTIAGO DE COMPOSTELLA (Reuters) - An interest rate cut is not on the European Central Bank's agenda, ECB President Christine Lagarde said on Friday, pushing back on some market bets that a reversal of rate hikes could start in the first half of 2024.

"We have not decided, discussed or even pronounced cuts," Lagarde told a news conference on Friday. "Duration is duration."

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