Lagarde's inflation message: Is another interest rate hike coming in December?

European Central Bank President Christine Lagarde said inflation will stay elevated in the coming quarters and warned that a prolonged period above target would raise risks to the medium-term goal. She declined to commit to a specific outcome for the December rate decision, saying policymakers will examine incoming data in detail first. The remarks keep alive the prospect of another interest rate hike at the ECB's final meeting of the year. Investors will watch upcoming euro-area inflation and wage figures, along with December's policy statement, for signals on whether the ECB extends its tightening cycle.