Lagarde comments on policy outlook after holding rates steady in July
The post Lagarde comments on policy outlook after holding rates steady in July appeared on BitcoinEthereumNews.com. Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the July policy meeting and responds to questions from the press. Join our ECB Live Coverage here ECB press conference key quotes “Survey data point to overall modest expansion.” “Higher tariffs and stronger Euro are expected make it harder for firms to invest.” “Strong labour market, rising real incomes, solid private sector balance sheets support consumption.” “Defence and infrastructure investment should bolster growth.” “Indicators of underlying inflation suggest inflation will stabilise at target.” “Longer-term inflation expectations continue to stand at around 2%.” “Risks to economic growth remain tilted to the downside.” “Outlook for Euro Area inflation is more uncertain than usual.” “”We don’t target exchange rate, we monitor.” “Wages are heading in the right direction.” “Unit profit continues to buffer wage increase.” “Confident that inflationary shock is behind us.” “”You will always find two or three governors very concerned about undershooting.” “Retaliation is optional, not definite.” “Disinflationary or inflationary impact of tariffs can not yet be determined.” “There will probably be bottlenecks as result of tariffs.” “Widely shared that we have to work with data as it comes in.” “If trade tensions resolved in short order, it would clear some uncertainty.” “Plenty of liquidity in banking system.” This section below was published at 12:15 GMT to cover the European Central Bank’s (ECB) monetary policy announcements and the immediate market reaction. The European Central Bank (ECB) announced on Thursday that it left key rates unchanged following the July policy meeting, as expected. With this decision, the interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility stood at 2.15%, 2.4% and 2%, respectively. Key takeaways from ECB policy statement “Incoming information is broadly…
The post Lagarde comments on policy outlook after holding rates steady in July appeared on BitcoinEthereumNews.com.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the July policy meeting and responds to questions from the press. Join our ECB Live Coverage here ECB press conference key quotes “Survey data point to overall modest expansion.” “Higher tariffs and stronger Euro are expected make it harder for firms to invest.” “Strong labour market, rising real incomes, solid private sector balance sheets support consumption.” “Defence and infrastructure investment should bolster growth.” “Indicators of underlying inflation suggest inflation will stabilise at target.” “Longer-term inflation expectations continue to stand at around 2%.” “Risks to economic growth remain tilted to the downside.” “Outlook for Euro Area inflation is more uncertain than usual.” “”We don’t target exchange rate, we monitor.” “Wages are heading in the right direction.” “Unit profit continues to buffer wage increase.” “Confident that inflationary shock is behind us.” “”You will always find two or three governors very concerned about undershooting.” “Retaliation is optional, not definite.” “Disinflationary or inflationary impact of tariffs can not yet be determined.” “There will probably be bottlenecks as result of tariffs.” “Widely shared that we have to work with data as it comes in.” “If trade tensions resolved in short order, it would clear some uncertainty.” “Plenty of liquidity in banking system.” This section below was published at 12:15 GMT to cover the European Central Bank’s (ECB) monetary policy announcements and the immediate market reaction. The European Central Bank (ECB) announced on Thursday that it left key rates unchanged following the July policy meeting, as expected. With this decision, the interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility stood at 2.15%, 2.4% and 2%, respectively. Key takeaways from ECB policy statement “Incoming information is broadly…
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