ECB's Lagarde says inflation to stay high, sees little reason to alter rate course
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com - Euro zone inflation will remain elevated over the coming quarters, European Central Bank President Christine Lagarde said, signaling that it would take "significant changes" to deter policymakers from raising interest rates again in December. Still guessing which…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishHawkish remarks on ECB rate policy can support the euro and weigh on government bond prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Lagarde says euro zone inflation will remain elevated in coming quarters.
- 02Significant changes would be needed to deter a further rate hike in December.
- 03Secondary inflation pass-through so far is within the ECB's expectations.