ECB's Lagarde: No reason for us to act in same way as Fed

Eren Sengezer FXStreet

In an interview with France Inter radio on Thursday, European Central Bank President (ECB) Christine Lagarde said that they are seeing some signs of stabilisation regarding the supply chain problems, as reported by Reuters.

Additional takeaways

"In 2022, prices should stabilise and gradually go down."

"Seeing inflation in 2022 at 3.2%."

"There are no reasons for us to act in the same way as the US Federal Reserve."

"Would be favourable towards a rise in wages."

Market reaction

These comments don't seem to be having a noticeable impact on the shared currency. As of writing, the EUR/USD pair was posting modest daily gains at 1.1360.

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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