The European Central Bank kept rates unchanged, and the bank’s president, Christine Lagarde, is now speaking. EURUSD is edging higher at the start of Lagarde’s remarks. Here are the key points from her comments:
- GDP data reflects Q1 frontloading.
- Economy grew due to resilience in domestic demand.
- Recent trade agreements have reduced uncertainty.
- The impact of trade deals is to only be clearer over time.
- Higher tariffs, stronger euro, competition to hold growth back and headwinds on growth should fade next year.
- Investment should be underpinned by government spending.
- Labor market remains a source of strength.
- Recent surveys point to growth both the manufacturing and services sectors.
- Disinflationary process is over.
- Traders pare ECB easing bets, indicate rate-cut cycle is over.
- The decision was unanimous.
- ECB's President Lagarde: Domestic economy showing resilience.
- ECB's President Lagarde: We continue to be in a good place, inflation is where we want it to be.
Daily summary: Trump remarks helps Wall Street 📈Precious metals decline
Fed's Musalem remarks on the US economy and tariffs🗽
The AI Fever: Bubble or Will It Keep Rising?
BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
