Lagarde comments at ECB press conference

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June 11, 2026 8:58 AM EDT

European Central Bank (ECB) President Christine Lagarde walks following the Governing Council's meeting, in Frankfurt, Germany June 11, 2026. REUTERS/Heiko Becker

FRANKFURT, June ‌11 (Reuters) - ​The ​European Central Bank raised interest rates ‌for the first time in ⁠nearly three years on ‌Thursday, by a quarter ‌point to 2.25%, to try and curb inflation ​before a surge in energy costs triggered ⁠by the Iran war spreads across ​the euro zone economy.

Following are highlights of ECB ​President Christine Lagarde's ‌comments at a news conference after ⁠the policy meeting.

LABOUR DEMAND COOLS

"Labour demand has cooled ⁠further, and firms and households expect ​the labour market to weaken."

SURVEYS POINT TO SLOWDOWN

"The war in ‌the Middle East is weighing on activity, ‌and surveys are ⁠pointing to ‌a slowdown, ​especially in services."

(Reporting by Reuters Global News ‌Desk)


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