Lagarde speech: Risks to inflation outlook are two-sided
Source Fxstreet
Apr 19, 2024 13:13
European Central Bank (ECB) President Christine Lagarde reiterated on Friday that it would be appropriate to reduce the current level of monetary policy restriction if the inflation criteria are met, per Reuters.
Lagarde added that the ECB's Governing Council is not pre-committed to a particular rate path and noted that risks to the inflation outlook are two-sided.
Market reaction
These comments failed to trigger a noticeable reaction in EUR/USD. At the time of press, the pair was up 0.15% on the day at 1.0660.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Related Articles
Unit Labor Costs in the nonfarm business sector increased 4.7% in the first quarter of 2024, the US Bureau of Labor Statistics (BLS) reported on Thursday.
The US Bureau of Labor Statistics (BLS) revealed in its Job Openings and Labor Turnover Survey (JOLTS) on Wednesday that on the final business day of March, the number of job openings reached 8.488 million.