ECB’s Lagarde: We still have more ground to cover in fight against inflation
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European Central Bank (ECB) President Christine Lagarde said on Wednesday, “we still have more ground to cover in the fight against inflation.”
“There are factors that can induce significant upside risks to the inflation outlook.”
“ECB has to be extremely attentive to potential risks, in particular wage increases.”
“We have moved in a very deliberate, decisive way to fight inflation.”
“But we still have more ground to cover.”
“We do not forecast a recession in our baseline projection for this year.”
“We are in a better position now than where we were six months ago.”
Despite the hawkish comments from Lagarde, EUR/USD is holding lower near 1.0950, down 0.09% on the day.
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