- Lagarde speech: Monetary policy is complicated by three uncertainties
Market news
2 December 2022
Lagarde speech: Monetary policy is complicated by three uncertainties
European Central Bank (ECB) President Christine Lagarde is speaking on growth and inflation at the Bank of Thailand 80th Anniversary Conference, in Bangkok.
Key quotes
Monetary policy is complicated by three uncertainties.
Including the global economy and CPI developments.
Central banks must work to make sure CPI falls back to target.
We are hoping for short-term and bespoke fiscal policy.
For sustainable growth, all policies must work together.
Increased investment and structural reforms are required to remove supply constraints.
Market reaction
The Euro paid little to no heed to the comments from ECB President Lagarde. EUR/USD is, therefore, keeping its range around 1.0515, down 0.09% on the day, as of writing.
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