ECB Lagarde and Knot comments monetary policy

11:23 AM 17 January 2024

ECB Lagarde

It is highly likely that the ECB will cut rates by summer
Inflation is not where it should be
Will not comment on markets
Too much optimism in the markets does not help in the fight against inflation
No victory will be declared until inflation falls steadily to 2%
Rates are already at their peak

ECB Knot

Rates are unlikely to rise in the first half of the year
If rates cuts occur, they will be moderate
The situation in the Middle East remains risky

EURUSD (D1 Interval)

The ECB head's view is, of course, the most important one, which means that cuts will happen in 2024, at some point in the eurozone. However, the market seems overly optimistic about the April date, but at the same time, it seems more important for EURUSD to reduce the chance of a March cut from the Fed.

Source: xStation5

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