President Lagarde's speech has just begun and head of ECB
provide some comments regarding the current economic situation and banks future plans.
Key Highlights:
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wages are growing faster
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the reduction parameters of the APP program will be similar to those of the past
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Lagarde maintains its will to raise rates by 50bp in March
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Economic activity will remain weak in the short term
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Decisions on future ECB decisions will be taken from meeting to meeting
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price pressures remain strong and inflation remains very high
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While confidence is rising and energy prices are falling, we anticipate that activity will remain weak in the short term.
EURUSD pair continues to oscillate around 1.0670 support. Source: xStation5
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