ECB President Lagarde defends June rate hike to 2.25% deposit rate, citing inflation risks. Here's what the hawkish pivot means for crypto and risk assets.

The head of the European Central Bank said the bank’s latest rate increase will help bring down inflation to its 2% target by next year.

ECB raised its deposit rate to 2.25% in its first hike since 2023. Lagarde says the euro area can handle tighter policy. Here's what it means for crypto.