The European Central Bank raised its key interest by 25 basis points on Thursday to 3.5% and left the door open to more hikes, extending its fight against high inflation even as the euro zone economy flags.
Following are highlights of ECB President Christine Lagarde's comments at a news conference after the policy meeting.
BROAD CONSENSUS
"It (the policy decision) was a very, very broad consensus."
ON CORE INFLATION REVISION
"A lot of it is attributable to the unit labour cost. That's a large chunk of the revision. The rest is ... past upward surprises - it's a different starting point, that is informed by data that came in after the least projection was made in May."
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