The European Central Bank (ECB) has announced the conclusion of its public asset purchase program by July, as it seeks to combat soaring inflation exacerbated by the war in Ukraine. President Christine Lagarde indicated that the ECB will raise interest rates by 25 basis points in July, with another increase expected in September, though details are forthcoming. Revised inflation forecasts for the eurozone predict a spike to 6.8% this year. Lagarde emphasized a gradual approach to future rate hikes, while pledging to reinvest maturing bonds to maintain economic stability.