ECB's Lagarde: Interest rates not on a linear declining path, ECB could hold for longer

Joshua Gibson FXStreet

European Central Bank (ECB) President Christine Lagarde noted that interest rates aren't hard-locked to a steady path of declines, warning markets that expectations of time-dependent rate cuts isn't helpful to the ECB's goals.

Key highlights

Interest rates are not necessarily on a linear-declining path, there might be periods when we hold.

It is possible ECB will hold rates for longer than a single meeting.

Time-dependent guidance on rates not helpful.

I am keen to see the evolution of labour costs and corporate profits.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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