ECB's Lagarde Measured in Sintra, No Policy Shift – ING
ECB President Christine Lagarde's opening remarks at the Sintra forum were measured and do not indicate a radical policy shift, according to ING's Francesco Pesole.
EURUSD
European Central Bank President Christine Lagarde delivered opening remarks at the Sintra forum on Monday. According to ING strategist Francesco Pesole, the comments were measured and do not signal a radical shift in policy. The tone suggests the ECB is likely to validate market expectations for further rate hikes without surprising hawkishness. This implies a neutral stance as the central bank continues its tightening cycle.
Source: FXStreet Forex News