Lagarde speech: Not seeing elements of stagflation now

Dhwani Mehta FXStreet

European Central Bank (ECB) President Christine Lagarde dismissed risks of stagflation in her speech at the Institut Montaigne, in Paris, on Monday.

Additional quotes

Policies to fight climate change will probably raise inflation in the medium term but be deflationary in the long run.

ECB monetary policies will not be in sync with the Fed policy.

Market reaction

EUR/USD is keeping its renewed upside intact above 1.1050 on Lagarde’s comments. The pair is now up 0.05% on the day at 1.1055.

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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