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(FILES) 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 European Central Bank (ECB) is expected to raise interest rates again on June 15, 2023, while signaling that it does not intend to stop there even though inflation is falling and the eurozone has entered recession. (Photo by Daniel ROLAND / AFP)
The ECB is "not done" with its battle to bring down inflation, and will "very likely" raise interest rates further when its governors next meet in July, president Christine Lagarde said Thursday.
"Unless there is a material change to our baseline, we will continue to hike at our next meeting. So we're not thinking about pausing," Lagarde told journalists minutes after bringing rates up to their highest level since 2001.
