- Analytics
- News and Tools
- Market News
- Lagarde speech: We will continue to follow a data-dependent approach
Lagarde speech: We will continue to follow a data-dependent approach
European Central Bank (ECB) President Christine Lagarde is testifying before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament on Thursday.
Key quotes
Weakness in activity is broad-based across sectors, extending from construction and manufacturing to services.
Incoming data continue to signal subdued activity in the near term.
The ECB’s forward-looking wage tracker continues to signal strong wage pressures.
Wage agreements indicate some levelling off in the last quarter of 2023.
The current disinflationary process is expected to continue, but the governing council needs to be confident that it will lead us sustainably to our 2% target.
We will continue to follow a data-dependent approach.
The latest data confirm the ongoing disinflation process and is expected to bring us gradually further down over 2024.
The latest data confirm the ongoing disinflation process and is expected to bring us gradually further down over 2024
We considered that the incoming information was broadly in line with our december assessment.
ECB's forward-looking wage tracker continues to signal strong wage pressures, but agreements indicate some levelling off.
The governing council needs to be confident that it will lead us sustainably to our 2% target.
Wage pressures for 2024 hinge particularly on the outcome of ongoing or upcoming negotiation rounds.
Market reaction to ECB Lagarde’s comments
Lagarde’s comments fail to move the needle around the Euro, as EUR/USD is keeping its range at around 1.0730, up 0.06% on the day.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Pound Sterling.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.01% | 0.18% | 0.02% | 0.04% | -0.29% | 0.05% | -0.11% | |
| EUR | -0.01% | 0.15% | 0.00% | 0.02% | -0.30% | 0.04% | -0.11% | |
| GBP | -0.18% | -0.19% | -0.18% | -0.16% | -0.48% | -0.14% | -0.29% | |
| CAD | -0.03% | -0.01% | 0.17% | 0.01% | -0.31% | 0.02% | -0.13% | |
| AUD | -0.02% | -0.02% | 0.17% | -0.01% | -0.33% | 0.03% | -0.12% | |
| JPY | 0.28% | 0.30% | 0.45% | 0.30% | 0.30% | 0.33% | 0.18% | |
| NZD | -0.06% | -0.04% | 0.14% | -0.03% | -0.02% | -0.33% | -0.15% | |
| CHF | 0.10% | 0.11% | 0.28% | 0.12% | 0.14% | -0.19% | 0.15% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
© 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
