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.
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