BREAKING: Lagarde still willing to raise rates by 50bp in March!

6:51 PM 15 February 2023

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:

  • wages are growing faster

  • the reduction parameters of the APP program will be similar to those of the past

  • Lagarde maintains its will to raise rates by 50bp in March

  • Economic activity will remain weak in the short term

  • Decisions on future ECB decisions will be taken from meeting to meeting

  • price pressures remain strong and inflation remains very high

  • 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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