- Analytics
- News and Tools
- Market News
- Lagarde speech: Hikes should send signal that we'll meet price goal
Lagarde speech: Hikes should send signal that we'll meet price goal
European Central Bank (ECB) President Christine Lagarde said in her appearance on Friday that “hikes should send a signal that we'll meet price goal.”
Additional comments
“We are facing a supply shock but also strong elements on the demand side.”
“We have to react according to the complicated situation on the supply and demand sides.”
“Our actions may way on growth, but it is a risk we have to take because price stability is priority.”
Earlier on, the central bank policymaker Olli Rehn said, “I assume further rate hikes going forward.”
Meanwhile, ECB Vice President Luis de Guindos said that “we do not have any estimates of the terminal rate.”
Market reaction
EUR/USD is off the lows, still down 0.30% on the day at 0.9970 on the above comments.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
