LAGARDE SPEECH: OUR HOPE IS THAT WAGE INCREASES ARE SUFFICIENTLY ABSORBED BY PROFITS
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave the key interest rates unchanged in January and responds to questions from the press.
Key quotes
"Observing shipping cost increases, delivery delays."
"Seeing some stabilization in wage tracker."
"Seeing slight reduction of vacancies advertised."
"Wage growth is directionally good from our perspective."
"Wage growth is already declining. Our hope is that wage increases are sufficiently absorbed by profits."
"We are not seeing second round effects.
About ECB's press conference
Following the ECB´s monetary policy decisions, the ECB President delivers a prepared statement and responds to questions from the press on the policy outlook. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.