ECB President Christine Lagarde reaffirms her stance on the timing of a potential rate cut, stating that the debate is premature and standing by her comments on the likely timing in the summer. She also notes positive signs in wage growth and stabilization in the wage tracker. Lagarde downplays a survey indicating dissatisfaction among ECB employees, emphasizing the bank's mission. Traders respond to her talk of a summer rate cut by betting on an April cut. Lagarde holds policy rates steady, citing the disinflation process and the impact of wage growth and productivity on price pressures. She carefully avoids hinting at further actions as more data is awaited.
💡 ECB Insight: Lagarde Delivers as Expected, Carefully Avoiding any Hints as More Data Awaited - @EconoStream on https://t.co/orvmA6Wqwk Full Story → https://t.co/0XTx1kGLBa
Lagarde’s talk of summer ECB rate cut sees traders bet on April https://t.co/BFIaWHowmF via @alicegledhill1 @jrandow https://t.co/vAP3etOLce
🇪🇺@ECB held policy rates steady w Lagarde saying ‘disinflation process is at work’ She “warned that rapid wage growth & lower productivity keeping price pressures high but slight decline in wage growth directionally good; outlining upside/downside risk” https://t.co/jcbdGKtaxI https://t.co/H6lzZ8FYGx
Lagarde says she’s irrelevant so long as the ECB delivers https://t.co/N5KCnDn9IR via @JanHanDun @joaomlima1 https://t.co/heg9cyFZ2Y
⚠️ LAGARDE SAYS 'PROUD, HONOURED TO LEAD ECB' AFTER BLEAK UNION SURVEY (Reuters) European Central Bank chief Christine Lagarde played down the significance of a survey in which a majority of ECB employees said she was not the right person to lead the bank, saying its mission of…
ECB’s Lagarde stands by comments on ‘likely’ summer rate cut https://t.co/BFIaWHp4cd via @weberalexander @jrandow https://t.co/Csrt9jdWkK
LAGARDE: OVERWHELMING MAJORITY OF STAFF IS HAPPY TO WORK AT ECB 😂😂😂😂😂😂😂😂😂😂😂😂
🔴 ECB'S PRESIDENT LAGARDE: WAGE GROWTH IS DIRECTIONALLY GOOD.
#ECB's Lagarde says rate cut debate is premature. Says she stands by her comments on ECB rate-cut timing summer. Markets price 1st cut for June https://t.co/G5KEAFTl64
🔴 ECB'S PRESIDENT LAGARDE: I'M SEEING SOME STABILISATION IN THE WAGE TRACKER.