ECB's Lagarde: Supportive policies remain necessary for months to come

Eren Sengezer FXStreet

Christine Lagarde, President of the Europen Central Bank (ECB), said on Friday that she believes that the euro area is in a recovery process, as reported by Reuters.

Additional takeaways

"The recovery is uncertain."

"Given the uncertainty, divergence, supportive policies remain necessary for months to come."

"The inflation rise this year is temporary."

"We should see through temporarily higher inflation."

Market reaction

These comments seem to be weighing on the shared currency. As of writing, the EUR/USD pair was losing 0.1% on a daily basis at 1.2214.

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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