ECB's Lagarde: Soft landing not guaranteed for European economy

Joshua Gibson FXStreet

European Central Bank (ECB) President Christine Lagarde expressed a need for caution from the ECB late Monday, highlighting that downside risks remain a threat despite a firm labor market.

Key highlights

A Soft landing for the euro zone economy is not guaranteed.

It will take time to be certain that inflation is on track.

A strong labour market means we have time to gather information.

The strong labor market allows the ECB to gather enough data.

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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