Lagarde speech: Does not see some factors that fuel inflation continuing to move higher

Dhwani Mehta FXStreet

European Central Bank (ECB) President Christine Lagarde is now speaking on the inflation outlook at an event hosted by the Bank of Cyprus on Wednesday.

Key quotes

It will take time before we can restore supply chains.

Does not see some factors which fuel inflation like fuel and food, continuing to move higher and higher.

Market reaction

EUR/USD is flirting with four-week highs above 1.1150 amid rising peripheral yields, falling US dollar and mixed EU sentiment data. The pair was last seen gaining 0.67% on the day, at 1.1160.

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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