ECB President Lagarde stated that the latest wage data points are encouraging, with services inflation expected to remain elevated. Lagarde emphasized the need for a meeting-by-meeting approach and data dependency in policy decisions. The ECB cannot pre-commit to a rate path even after the first cut, as it will depend on incoming data.
❖ LAGARDE: EUROPEAN CENTRAL BANK CANNOT COMMIT TO RATE PATH EVEN AFTER FIRST CUT
European Central Bank cannot commit to interest rate path even after first cut, Lagarde says https://t.co/ywJtT6hY0A
ECB cannot commit to rate path even after first cut, Lagarde says - Reuters https://t.co/hBBkt9D3v0
Christine Lagarde says ECB won’t commit to path of rate cuts https://t.co/z0dSaL2TkN
ECB cannot commit to rate path even after first cut, Lagarde says https://t.co/RJMQehto03 https://t.co/W4XhTS2OdO
⚠️ ECB CANNOT COMMIT TO RATE PATH EVEN AFTER FIRST CUT, LAGARDE SAYS Full Story → https://t.co/Ok3WidYnmj The European Central Bank cannot commit to a pre-set number of interest rate cuts even after it starts reducing borrowing costs as that will depend on incoming data, ECB… https://t.co/KfX4uSrXAt
Lagarde says the ECB can’t commit to cuts beyond a likely June move https://t.co/BHu8mOfl2z via @weberalexander https://t.co/G1dYlFASWM
The ECB can’t commit to further reductions in borrowing costs after a likely first move in June, according to President Christine Lagarde https://t.co/1gjdjIWhuX
🔴 ECB'S PRESIDENT LAGARDE: WE WILL HAVE TO TAKE A MEETING-BY-MEETING APPROACH.
🔴 ECB'S PRESIDENT LAGARDE: WE WILL HAVE TO REMAIN DATA DEPENDENT.
ECB'S LAGARDE: UNLIKE IN THE EARLIER PHASES OF OUR POLICY CYCLE, THERE ARE REASONS TO BELIEVE THAT THE EXPECTED DISINFLATIONARY PATH WILL CONTINUE. ECB'S LAGARDE: IF THESE DATA REVEAL A SUFFICIENT DEGREE OF ALIGNMENT BETWEEN THE PATH OF UNDERLYING INFLATION AND OUR PROJECTIONS…
🔴 ECB'S PRESIDENT LAGARDE: UNLIKE IN THE EARLIER PHASES OF OUR POLICY CYCLE, THERE ARE REASONS TO BELIEVE THAT THE EXPECTED DISINFLATIONARY PATH WILL CONTINUE.
ECB'S LAGARDE: LATEST DATA POINT IN DIRECTION THAT WAGES ARE INDEED GROWING IN A WAY THAT IS COMPATIBLE WITH INFLATION REACHING
🔴 ECB'S PRESIDENT LAGARDE: EVEN AFTER THE FIRST CUT, WE CAN'T PRE-COMMIT TO THE RATE PATH.
ECB'S LAGARDE: WE CANNOT WAIT UNTIL WE HAVE ALL THE RELEVANT INFORMATION
🔴 ECB'S PRESIDENT LAGARDE: THE LATEST DATA POINTS IN THE DIRECTION THAT WAGES ARE INDEED GROWING IN A WAY THAT IS COMPATIBLE WITH INFLATION REACHING.
🔴 ECB'S PRESIDENT LAGARDE: THE COMING MONTHS WILL HELP US FORM AN EVEN CLEARER PICTURE.
🔴 ECB'S PRESIDENT LAGARDE: SERVICES INFLATION MAY REMAIN ELEVATED FOR MOST OF THE YEAR.
ECB's Lagarde: Latest Wage Data Point In Encouraging Direction - Services Inflation May Remain Elevated For Most Of Year - Even After First Cut, We Can't Pre-Commit To Rate Path
🔴 ECB'S PRESIDENT LAGARDE: IN THE COMING MONTHS, WE EXPECT TO HAVE TWO IMPORTANT PIECES OF EVIDENCE THAT COULD RAISE OUR CONFIDENCE LEVEL SUFFICIENTLY FOR A FIRST POLICY MOVE.
🔴 ECB'S PRESIDENT LAGARDE: THE LATEST WAGE DATA POINTS IN AN ENCOURAGING DIRECTION.
🔴 ECB'S PRESIDENT LAGARDE: WE CANNOT WAIT UNTIL WE HAVE ALL THE RELEVANT INFORMATION.
🔴 ECB'S PRESIDENT LAGARDE: THE COMPRESSION OF PROFIT MARGINS HAS ALLOWED WAGES TO CATCH UP WITHOUT FURTHER ACCELERATING INFLATION.
🔴 ECB'S PRESIDENT LAGARDE: WE NEED TO MOVE FURTHER ALONG THE DISINFLATIONARY PATH.
🔴 ECB'S LAGARDE - BUILDING CONFIDENCE IN THE PATH AHEAD https://t.co/jVtuCdlXKQ