ECB's Lagarde Calls The Economy Resilient After Its Second War-Era Hike
Lagarde cited second-quarter growth that held despite the shock, as the bank's new 2.50% deposit rate takes effect September 16.
- Lagarde: 'The economy proved resilient in the second quarter, despite headwinds from the energy shock.'
- The main refinancing rate rises to 2.65%, marginal lending to 2.90%, effective September 16.
- It's the ECB's second hike since the Middle East war, with 2026 inflation seen at 3.0%.
Why it matters: Calling an economy 'resilient' after raising its borrowing costs twice is the central bank grading its own work.
ECB Monetary Policy Statement (Lagarde), 10 September 2026 ↗ · Sep 10, 20269/10/26 · Updated Sep 10