ECB's Lagarde: ECB continues to stand ready to adjust all of its instruments

Eren Sengezer FXStreet

The economic recovery in the euro area remains incomplete, uncertain and uneven, Christine Lagarde, President of the European Central Bank (ECB), reiterated while delivering her prepared remarks at the EU Committee on Economic and Monetary Affairs.

Additional takeaways (via Reuters)

"In the current environment of elevated uncertainty, the Governing Council will carefully assess all incoming information, including developments in the exchange rate with regard to its implications for the medium-term inflation outlook."

"From now on, we will publish on our website the opinions of the ECB Ethics Committee for cases of conflict of interest."

"ECB stands ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner, in line with its commitment to symmetry."

Market reaction

These comments don't seem to be having a significant impact on the shared currency's performance against its rivals. As of writing, the EUR/USD pair was up 0.38% on a daily basis at 1.1675.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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