ECB's Lagarde Signals Strong Policy Stance, Euro Rises
TL;DR Summary
The euro rose against the US dollar after ECB President Christine Lagarde stated that inflation is still high, despite a 350 basis point interest rate increase since July last year. Lagarde emphasized the importance of a robust strategy going forward to bring inflation back to 2% over the medium term, which is non-negotiable. The ECB raised its interest rates by a further 50 basis points last week, despite turmoil in the banking sector.
- Euro pushes higher as ECB chief Lagarde says inflation is still too high CNBC
- ECB to watch bank rates for signs of stress, Lagarde says Reuters
- Lagarde Pledges 'Robust' Policy With ECB Ready to Act as Needed Bloomberg
- EUR/USD aptly portrays pre-Fed anxiety below 1.0800, ECB’s Lagarde eyed FXStreet
- Dollar Retreats On Reduced Liquidity Demand Barchart
- View Full Coverage on Google News
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