Christine Lagarde, President of the European Central Bank (ECB), said on Monday that they expect eurozone economic activity to slow substantially in coming quarters, Reuters reported.
Featured Statements
“Beginning in the first quarter of 2023, we will begin publishing climate-related information on our corporate bond holdings.”
“The depreciation of the euro has also added to the build-up of inflationary pressures“.
“The best contribution that monetary policy can make to the euro area economy is to ensure price stability in the medium term.”
“Signs of recent above-target revisions to some indicators of inflation expectations warrant continued monitoring.”
“Risks to the inflation outlook are mainly to the upside.”
“We hope to keep going rates ofinterest in upcoming meetings“.
“The strong demand for services that came with the reopening of the economy is losing steam.”
market reaction
Market participants shrugged off these comments and the EUR/USD last lost 0.25% on the day, trading at 0.9670.
Source: Fx Street
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