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Europe’s central bank to join global push for higher rates

Christine Lagarde, President of the European Central Bank speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Sunflowers are in full blossom in front of the European Central Bank, right, in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank smiles during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Sunflowers are in full blossom in front of the European Central Bank in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank smiles during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank smiles during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Sunflowers are in full blossom in front of the European Central Bank, right, in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank smiles during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Sunflowers are in full blossom in front of the European Central Bank in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank smiles during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank smiles during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank smiles during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) Christine Lagarde, President of the European Central Bank speaks during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. (AP Photo/Michael Probst) FILE - Red lights shine on top of the European Central Bank in Frankfurt, Germany, Sept. 7, 2021. The European Central Bank is behind the U.S. Federal Reserve and other central banks around the world in combating surging inflation. It’s looking to catch up as it raises interest rates for the first time in 11 years Thursday July 21, 2022, but it also faces a more serious threat of recession than other places amid an energy crisis provoked by Russia’s war in Ukraine. (AP Photo/Michael Probst, File) FILE - A man walks past the Euro sculpture in Frankfurt, Germany, March 11, 2021. The European Central Bank is behind the U.S. Federal Reserve and other central banks around the world in combating surging inflation. It’s looking to catch up as it raises interest rates for the first time in 11 years Thursday July 21, 2022, but it also faces a more serious threat of recession than other places amid an energy crisis provoked by Russia’s war in Ukraine. (AP Photo/Michael Probst, File)
Europe’s central bank to join global push for higher rates