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.
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.
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.