ECB President Lagarde: It is good practise to start with incremental rate increase

When questioned on why the European Central Bank (ECB) has signalled its intention to raise interest rates by 25 bps in July and not by 50, President Christine Lagarde said that it is good practise to start an interest rate hiking cycle with an incremental increase that is sizeable, but not excessive, as per a tweet by Bloomberg's Jonathon Ferro.