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ECB's Lagarde: We will set rates at restrictive level for as long as needed

ECB's Lagarde: We will set rates at restrictive level for as long as needed
We will return to 2% inflation targetTo set rates at restrictive level as long as needed for thatEurozone will not grow as much as expected earlier, but should pick up in 2024Weaker growth does not mean recessionShe's not really offering too much pushback or explicitly keeping the door open for another rate hike, similar to yesterday. As for the likelihood of a recession, let's just say it never is a good sign when policymakers have to mention the R-word itself in trying to defend their stance... Read More
Posted: Sep 15 2023, 10:21
Author Name: forexlive
Views: 111410

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