- ECB's President Lagarde: ECB ready to adjust all instruments as appropriate
Market news
23 January 2020
ECB's President Lagarde: ECB ready to adjust all instruments as appropriate
- Says incoming data are in-line with baseline scenario
- Manufacturing remains a drag
- Employment growth continues to support economy
- There are some signs of an increase in inflation that's in line with expectations
- In light of continued subdued inflation outlook, monetary policy has to remain stimulative for a prolonged period of time
- We will closely monitor inflation developments
- ECB committed to symmetry on inflation
- Eurozone inflation increase 0.3% q/q in Q3 vs +0.2% in Q2
- Weak growth reflects weakness in global trade
- Surveys and data points show some stabilization
- Near-term growth expected to similar to rates observed in previous quarters
- Risks tilted to the downside but less pronounced
- Weaker growth momentum is delaying the passthrough of inflation
- Crosscheck confirms ample degree of monetary accommodation still needed
- ECB view on risk balance was unanimous
- ECB discussed whether risks were closer to balanced
- ECB hopes to decide on strategy review in November/December
- ECB policy decisions will be independent from review
- Tiering is operating extremely well
- There is no discussion at this time to change tiering multiple
- Tiering has proven to be effective, no question about it
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page