|

Lagarde speech: No set date for any move

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the December policy meeting and responds to questions from the press.

Follow FXStreet's ECB Live Coverage here

Youtube preview

Key quotes

"We are in a good place, doesn't mean we are static."

"The decision was unanimous, including optionality."

"No set date for any move."

"There are some changes in the economy."

"Investment is the main driver, largely attributable to AI."

"Exports have surprised us, they have proven sustainable."

"Uncertainty may have worsened."

"All options should be on table."

"We'll look particularly attentive to salaries."

"We simply cannot offer forward guidance given uncertainty."

Author

Eren Sengezer

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.

More from Eren Sengezer
Share:

Editor's Picks

EUR/USD holds above 1.1800 after Eurozone inflation figures

EUR/USD remains within a tight daily range above 1.1800 on Wednesday after the data from the Eurozone showed that the annual HICP inflation softened to 1.7% in January as expected. Private sector employment and ISM Services PMI data could ramp up the pair's volatility in the second half of the day.

GBP/USD stays bid above 1.3700, awaits top-tier US data

GBP/USD sticks to gains above 1.3700 in European trading on Wednesday. The pair takes advantage of a pause in the US Dollar rally, even as markets turn cautious ahead of the US ADP jobs report and the ISM Services PMI data. The BoE's 'Super Thursday is keenly awaited. 

Gold sticks to bullish bias; eyes $5,100 as safe-haven demand persists ahead of US data

Gold advances to a fresh weekly high during the first half of the European session on Wednesday, with bulls now looking to reclaim the $5,100 mark amid a supportive fundamental backdrop. Concerns over rising tensions between the US and Iran resurfaced following overnight reports that the US shot down an Iranian drone in the Arabian Sea.

ADP Employment Report set to show modest hiring extended into January

The Automatic Data Processing Research Institute will release its monthly report on private-sector job creation for January on Wednesday. The so-called ADP Employment Change report is expected to show that the United States economy added 48K new jobs, following the 41K new payrolls witnessed in December.

Should investors abandon AI as software stocks slide?

AI is not being abandoned by markets. It is being priced more carefully. Over the past few weeks, the underperformance of software and SaaS stocks has sparked a familiar question: is the AI trade breaking down? The answer is no. 

Solana Price Forecast: SOL drops below $100 as bears tighten grip

Solana (SOL) trades below $100 at press time on Wednesday, after taking a more than 6% hit the previous day as the broader cryptocurrency market slipped. Institutional and retail demand for Solana continues to decline, while on-chain data shows a record 150 million daily transactions on Tuesday.