- Lagarde speech: We have to be attentive to spill-overs from the Fed policy
Market news
3 November 2022
Lagarde speech: We have to be attentive to spill-overs from the Fed policy
European Central Bank (ECB) President Christine Lagarde is on the wires this Thursday, via Reuters, participating in a panel discussion titled "Sustainability and Money: Shaping the Economy of the Future" at the Bank of Latvia's Economy Conference.
Key quotes
A recession won't be sufficient to settle inflation.
We have to be attentive to spill-overs from the Fed policy.
Inflation expectations are broadly anchored at the moment.
Market reaction
The euro has come under additional downside pressure, with EUR/USD heading closer towards 0.9750. The pair is down 0.52% on the day.
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