The President of the European Central Bank (ECB), christine lagardeis speaking this Friday at the European Banking Congress in Frankfurt.
Featured Comments (via Reuters)
The ECB will ensure that a phase of high inflation does not fuel inflation expectations.
We wait continue to raise rates to the necessary levels to ensure that inflation returns to our 2% medium-term target in a timely manner.
Inflation in the euro zone is too high.
The risk of recession has increased.
A recession is unlikely to reduce inflation significantly.
We expect to continue raising rates.
Interest rates are, and will continue to be, the main instrument for adjusting our monetary policy.
Interest rates remain the most effective tool for adjusting our political stance.
It is convenient that the financial balance normalizes in a measured and predictable way.
If governments cut investment, there is a risk that supply will not recover and growth constraints will continue.
Source: Fx Street
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