European Central Bank President: Raising interest rates in June was the right decision.
According to reports, European Central Bank President Lagarde said that the ECB's rate hike in June was the "right decision." She pointed out that most of the governing council was prepared to act in April, but at that time the information was not sufficient, so the decision was postponed to June. She emphasized that the current economy is still being affected by external supply shocks, which are spreading to a wider range of areas, but the so-called "second-round inflation effects" have not yet appeared.
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