European Central Bank President Lagarde: The Central Bank has the ability to respond to "exceptionally high" economic and political uncertainty.

Gate News bot news, European Central Bank President Lagarde stated that the European Central Bank is capable of coping with "exceptionally high" economic and political uncertainty. Lagarde mentioned that the inflation rate in the eurozone will stabilize near the target of 2%, while the risks to economic growth remain tilted to the downside.

"At the current level of interest rates, we believe we are in a good position to deal with an uncertain environment," she said on Monday. Especially in the current period of exceptional uncertainty, we will follow a data-dependent, meeting-by-meeting approach to determining the appropriate monetary policy stance. ”

Lagarde also stated that the European Central Bank is closely monitoring the fluctuations in the commodity markets and reiterated that since U.S. President Trump announced comprehensive tariffs, the weakness of the dollar has provided an opportunity for the euro to rise its international status.

Source: Jinshi

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)