- Analytics
- News and Tools
- Market News
- ECB's Lagarde: There is no trade-off between price stability and financial stability
ECB's Lagarde: There is no trade-off between price stability and financial stability
European Central Bank President Christine Lagarde told EU leaders on Friday that the Euro area banking sector is resilient with strong capital and liquidity positions, Reuters reported citing EU officials.
Key takeaways
"Recent developments were a reminder how important it has been to continuously improve regulatory standards."
"We need to progress on completing the banking union, further work is also necessary to create truly European capital markets."
"There is no trade-off between price stability and financial stability, ECB has tools to address risks to both."
"ECB is determined to bring back inflation to 2%, will decide on future rates based on incoming data."
"ECB is fully equipped to provide liquidity to euro area financial system, if needed."
Market reaction
EUR/USD showed no immediate reaction to these remarks and was last seen losing 0.8% on the day at 1.0744.
© 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
