The statements of ECB President Christine Lagarde on Thursday were as follows:-
- The data received continue to indicate weak activity in the near term.
- The information was largely consistent with the December assessment.
- The current process of slowing inflation is expected to continue.
- But we need to be confident that it will lead us to achieve the 2% inflation target sustainably.
- There is not enough evidence yet for inflation to return to the 2% target.
- The last thing I want is to make a hasty decision just for the sake of inflation rising again.
Investors continue to ignore this regardless of what the ECB is trying to sell, which keeps the door open for a rate cut in June or July, yet the markets still price the probability of an interest rate cut in April by more than 60% at the moment.
The last statements of the members of the European Central Bank and Deputy Governor de Guindos regarding inflation were here
