ECB’s Lagarde: We covered a large chunk of the journey toward taming inflation

Anil Panchal FXStreet

European Central Bank (ECB) President Christine Lagarde crossed wires via an interview on the Buitenhof TV show aired Sunday wherein she said, “I think we covered a large chunk of the journey toward taming inflation and bringing it back to our target.”

The policymaker, however, also mentioned, “We are not done yet, we are not pausing based on the information I have today.”

“Inflation outlook is too high and for too long,” added ECB’s Lagarde.

Additional comments

So many things can go wrong that we cannot give what we call forward guidance.

I don’t have a predetermined number in my mind.

EUR/USD prints mild gains

EUR/USD justifies hawkish comments from ECB President Lagarde as it prints mild gains, keeping Friday’s rebound from a two-month low, near 1.0820 during early Monday in Asia.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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