ECB's Lagarde: Our commitment to price stability remains unwavering
European Central Bank President Christine Lagarde reiterated on Friday that the bank's commitment to price stability remains unwavering and that the drivers of inflation are expected to ease over the course of the year. Lagarde said that the ECB will take any measures necessary to ensure that we deliver on our inflation target of 2.0% over the medium-term, and that monetary accommodation is still needed for inflation to settle at the 2.0% target over the medium-term. Lagarde added that higher prices have been cutting into household incomes and denting confidence, while supply bottlenecks are leading to shortages in the manufacturing sector.
Market Reaction
Lagarde's remarks were nothing new and thus triggered no market reaction.
Author
Joel Frank
Independent Analyst
Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset
