ECB: Lagarde raises interest rates and says goodbye to Qe

(ANSA) - ROME, NOVEMBER 18 - "We expect to raise rates further, and removing the monetary accommodation may not be enough".

    ECB president Christine Lagarde said so at the European banking congress in Frankfurt, with words that open up the possibility of bringing interest rates into restrictive territory above 2%.

    The president of the ECB confirmed that the Eurotower is preparing to use "other tools" against inflation in addition to interest rates: "In December we will define the key principles to reduce the bond portfolio".

To reduce its balance sheet, the ECB has also tightened the conditions of the maxi-loans Tltro: in the first window after this decision, the banks today repaid 296 billion euros.

   (HANDLE).