Lagarde: European Central Bank interest rates are not a predetermined path, cautious attitude towards future interest rate hikes

According to a report by Jin10, the European Central Bank is expected to raise key interest rates for the second time on Thursday, but Lagarde stated that interest rates are not a predetermined path and investors should not assume that subsequent rate hikes are inevitable. The Eurozone's annual inflation rate rose to 3.3% in August, exceeding the European Central Bank's target of 2%. Policy makers are concerned that war may lead to high energy prices, and as the weather turns colder at the end of the year, household heating costs will significantly increase. Lagarde is unlikely to rule out the possibility of follow-up actions, and some economists believe that the possibility of a third interest rate hike in December is increasing.