Banks in the euro zone they currently have sufficiently strong capital reserves and liquidity, European Central Bank President Christine Lagarde said on Thursday, but added that risks to financial stability in the area remain high, according to Reuters.
Additional conclusions
“Headline inflation is likely to remain negative for the next several months before turning positive again in early 2021.”
“The Governing Council will carefully evaluate all incoming information, including the evolution of the exchange rate.”
“We remain prepared to adjust all of our instruments, as appropriate.”
Market reaction
The pair EUR/USD It continues to slide to the downside after these comments and was last seen shedding 0.43% on the day at 1.1696.
Credits: Forex Street
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