• Lagarde speech: Not seeing wage-price spiral in Eurozone

Noticias del mercado

21 febrero 2023

Lagarde speech: Not seeing wage-price spiral in Eurozone

European Central Bank President Christine Lagarde said on Tuesday that they are not seeing a wage-price spiral in the Eurozone and explained that wage growth is a part of 'catching up,' as reported by Reuters.

Lagarde further noted that the headline inflation has begun to slowdown but reiterated that they intend to raise the key rates by 50 basis points at the upcoming policy meeting.

Market reaction

These comments don't seem to be helping the Euro find demand. As of writing, EUR/USD was down 0.2% on the day at 1.0662.

Enfoque del mercado
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 disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: