- Analytics
- News and Tools
- Market News
- Lagarde speech: Case for a 50 bps rate hike this month is still on the table as inflation is still too high
Lagarde speech: Case for a 50 bps rate hike this month is still on the table as inflation is still too high
European Central Bank (ECB) President Christine Lagarde, in an interview with Spanish TV on Thursday, is touching upon topics such as the economic impact of the war in Ukraine and rising prices and interest rates hikes.
Key quotes
“The case for a 50 bps rate hike this month is still on the table as inflation is still too high.”
“We have to use all tools at our disposal to bring inflation down.”
“The future rate path will be data-dependent.”
“We will do what is needed to bring inflation down to our 2% target.”
“It would be a mistake to compare price situation in Europe with the US.”
“We still have to pursue higher interest rates, we don't know the peak yet.”
“We will have to stay at higher levels for a period of time.”
“It does not lie in the hands of the ECB to decide on mortgage conditions.”
Market reaction
EUR/USD is a little impressed by the comments from ECB President Lagarde, trading 0.33% lower on the day at 1.0628, as of writing.
© 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
