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European Central Bank (ECB) President Christine Lagarde addresses a press conference on the eurozone's monetary policy in Frankfurt am Main, western Germany on February 2, 2023. - The eurozone economy has weathered the fallout from Russia's war in Ukraine and surging energy costs better than expected, European Central Bank president Christine Lagarde said on February 2, 2023. (Photo by Daniel ROLAND / AFP)
The European Central Bank still has "ground to cover" in raising interest rates, President Christine Lagarde said Thursday, as markets look for clues about the rate hike pace beyond March.
"We know that we have ground to cover, we know that we are not done," Lagarde told reporters. The ECB's determination to return inflation to its two-percent target "should not be doubted", she added.
