ECB's President Lagarde: rates have probably reached peak, EU not in recession

Joshua Gibson FXStreet

European Central Bank (ECB) President Christine Lagarde hit the wires on Thursday in an attempt to soothe markets and reaffirm that the ECB is likely done with rate hikes, a nearly forgone conclusion for markets at this point.

Key highlights

President Lagarde: believes rates have reached peak.
Euro Area is not in an official recession.
Fighting inflation often means less growth.
European salaries are outpacing inflation.
Lagarde expects Euro Zone inflation at 1.9% by 2025.
Despite progress, doesn't mean inflation decline will be smooth.

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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