- Analytics
- News and Tools
- Market News
- ECB Lagarde: Critical inflation expectations remain anchored at 2%
ECB Lagarde: Critical inflation expectations remain anchored at 2%
European Central Bank (ECB) President Christine Lagarde stated on Friday that critical inflation expectations remain anchored at 2%. She emphasized the importance of these expectations and expressed confidence that inflation numbers would look different by the end of the current year.
During an interview with Bloomberg TV, Lagarde mentioned that they would closely monitor wage developments. When asked about changing the inflation target, she argued that it would be misleading and counterproductive to anchoring inflation expectations.
Regarding the economy, Lagarde stated that German growth is not broken and is demonstrating resilience.
Market reaction
EUR/USD remains in consolidation around 1.0800, largely flat for the day, following speeches by ECB's Lagarde and Fed's Powell at Jackson Hole. On a weekly basis, the pair is heading towards its sixth consecutive weekly decline.
© 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
