ECB President Christine Lagarde hinted in an interview with Japan's “Yomiuri Shimbun” that the ECB may raise interest rates again at the Governing Council meeting to be held next month. Lagarde pointed out, “We know that the inflation data for the next few quarters will remain high,” and expressed a sense of crisis about rising prices. Regarding the December rate hike, she said, “According to the information we have so far, the policy direction will be in line with my expectations unless there are major changes.” Last month, Lagarde announced that she would resign in February next year, eight months before her term expires in October. This interview is her first media interview since she announced her resignation. Lagarde cited the French presidential election next spring as the reason for her resignation. She said she saw “many key issues, key topics, either not discussed or were discussed based on wrong facts and wrong principles.” She added, “I want to be able to speak out about facts, data, and truth instead of silently listening to fabricated propaganda.”

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