Christine Lagarde on the ECB's Next Rate Decision

Christine Lagarde has been speaking about the inflation picture in recent days. The euro area has been hit by an inflation shock, which is now working its way through the economy. Headline inflation is likely to decline steeply this year, driven by falling energy prices and easing supply bottlenecks but underlying inflation dynamics remain strong. We think they're going to keep hiking 25 basis points and meeting through the summer.