ECB will continue to monitor foreign exchange rate

ECB will continue to monitor foreign exchange rate
ECB will continue to monitor foreign exchange rate

Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her remarks on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June.

Key takeaways

“Underlying price pressures are subdued due to slack.”

“Headline inflation remains below aim over the horizon.”

“Financing conditions are broadly stable.”

“Market rates have risen further.”

“Rates could tighten financing conditions.”

“ECB will continue to monitor foreign exchange rate.”

“Surveys point to a sizable improvement in the second quarter.”

“Surveys indicate a strong services recovery.”

https://www.youtube.com/watch?v=ChuPTLUT1YQ?rel=0

About ECB President Lagarde

The European Central Bank’s President Christine Lagarde, born in 1956 in France, has formerly served as Managing Director of the International Monetary Fund, and minister of finance in France. She began her eight-year term at the helm of the ECB in November 2019. As part of her job in the Governing Council, Lagarde holds press conferences in detailing how the ECB observes the current and future state of the European economy. Her comments may positively or negatively the euro’s trend in the short-term. Usually, a hawkish outlook boosts the euro (bullish), while a dovish one weighs on the common currency (bearish).

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