CNBC Daily Open: ECB goes 'back to basics'

ECB President Christine Lagarde said the ECB’s recent rate hike was “justified under every scenario,” signaling continued policy resolve. With Fed Chairman Kevin Warsh set to speak at the event, markets may reprice the near-term interest-rate path, but no specific magnitude or new data was cited.

Analysis

ECB President Christine Lagarde said the ECB’s recent rate hike was “justified under every scenario,” signaling continued policy resolve. With Fed Chairman Kevin Warsh set to speak at the event, markets may reprice the near-term interest-rate path, but no specific magnitude or new data was cited.