Lagarde speech: Wages, benefits and geopolitics among upside risks to inflation

Christine LagardePresident of the European Central Bank (ECB), explains the ECB’s decision to lower the benchmark interest rate by 25 basis points at the October policy meeting and answers questions from the press.

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“Wage pressures are strong.”

“Negotiated wage growth will remain high and volatile for the rest of the year.”

Inflation will fall to the target in 2025

“Disinflation is supported by easing labor cost pressures and past tightening.”

“Most measures of inflation expectations are around 2%.”

“Risks to growth are tilted to the downside.”

lWages, benefits and geopolitics are among the upside risks to inflation

“Downside risks to inflation include low confidence, geopolitical stress and low investment.”

Source: Fx Street

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