- Analytics
- News and Tools
- Market News
- Lagarde speech: Need to bring rates into ‘sufficiently restrictive’ territory to lock in our policy tightening
Lagarde speech: Need to bring rates into ‘sufficiently restrictive’ territory to lock in our policy tightening
European Central Bank (ECB) President Christine Lagarde is delivering introductory remarks on day two of the ECB Forum on Central Banking, in Sintra, on Tuesday.
Key quotes
Inflation in the euro area is too high
We are committed to reaching inflation goal come what may.
Monetary policymakers need to address this dynamic decisively to ensure that it does not lead to a self-fulfilling spiral
We cannot waver, and we cannot declare victory yet.
We need to bring rates into “sufficiently restrictive” territory to lock in our policy tightening.
The second phase of the inflation process is now starting to become stronger.
We need to communicate clearly that we will stay at those levels for as long as necessary.
The effect on inflation from rising wages has recently been amplified
Seeing labour hoarding by firms in a context of labour shortages.
Market reaction
EUR/USD is testing daily highs near 1.0945 on Lagarde’s comments, adding 0.35% on the day.
© 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
