ECB’s Lagarde: Underlying inflation remains consistent

Agustin Wazne FXStreet

European Central Bank (ECB) President Christine Lagarde said that growth in economic activity should benefit from increased household spending and a resilient labor market, testifying before the Committee on Economic and Monetary Affairs of the European Parliament, in Brussels on Wednesday.

Key takeaways

Growth in economic activity should benefit from increased household spending and a resilient and more inclusive labour market.

Indicators of underlying inflation remain consistent with our 2% medium-term target.

We expect inflation to stay around our 2% target in the coming months.

To respond flexibly to new challenges as they arise and will consider, as needed, new policy instruments in the pursuit of its price stability objective.”

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.28%	-0.86%	-0.34%	-0.25%	-0.48%	-0.47%	-0.29%
EUR	0.28%		-0.59%	-0.04%	0.03%	-0.21%	-0.19%	-0.01%
GBP	0.86%	0.59%		0.54%	0.63%	0.39%	0.40%	0.58%
JPY	0.34%	0.04%	-0.54%		0.09%	-0.14%	-0.14%	0.05%
CAD	0.25%	-0.03%	-0.63%	-0.09%		-0.23%	-0.23%	-0.04%
AUD	0.48%	0.21%	-0.39%	0.14%	0.23%		0.00%	0.19%
NZD	0.47%	0.19%	-0.40%	0.14%	0.23%	-0.01%		0.18%
CHF	0.29%	0.01%	-0.58%	-0.05%	0.04%	-0.19%	-0.18%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Author

Agustin Wazne

FXStreet

Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.

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