Lagarde: No Evidence of Inflation De-anchoring to Warrant Stronger ECB Action
ECB President Christine Lagarde said Monday that there is no evidence of inflation expectations becoming unanchored, which would require a more aggressive policy response, despite geopolitical uncertainties.
EURUSD
European Central Bank President Christine Lagarde stated on Monday that policymakers have yet to see signs that the recent inflation shock is causing expectations to become unanchored. Such evidence would be necessary to justify a stronger policy response.
Lagarde's comments come amid fresh uncertainty from geopolitical tensions, which add pressure to the Eurozone economic outlook. However, she indicated that for now, the ECB does not see a need to escalate its reaction beyond current measures.
Source: FXStreet Forex News