Lagarde speech: Monetary policy is complicated by three uncertainties

Dhwani Mehta FXStreet

European Central Bank (ECB) President Christine Lagarde is speaking on growth and inflation at the Bank of Thailand 80th Anniversary Conference, in Bangkok.

Key quotes

Monetary policy is complicated by three uncertainties.

Including the global economy and CPI developments.

Central banks must work to make sure CPI falls back to target.

We are hoping for short-term and bespoke fiscal policy.

For sustainable growth, all policies must work together.

Increased investment and structural reforms are required to remove supply constraints.

Market reaction

The Euro paid little to no heed to the comments from ECB President Lagarde. EUR/USD is, therefore, keeping its range around 1.0515, down 0.09% on the day, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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