The President of the European Central Bank (ECB), Christine Lagardedeclared in an appearance on Thursday that “we need to continue our cycle of increases until we are confident enough that inflation is on track to return to our target in an opportune moment”.
Featured Statements
“Inflation is too high and will remain so for too long“.
“The increases are already having a strong impact on banks’ lending conditions.”
“We cannot yet say that we are satisfied with the inflation outlook.”
“A period of recovery in wage growth does not have to cause inflation that is excessively persistent over time.”
Market reaction
The EUR/USD pair is looking for 1.0700 after previous comments. The pair is trading above 1.0694, up 0.04% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
