Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the July policy meeting and responds to questions from the press.
Christine Lagarde, President of the European Central Bank , explains the ECB 's decision to leave key rates unchanged at the July policy meeting and responds to questions from the press.Key quotesDecision was unanimous.Risk assessment was broadly shared.Widely shared that we have to work with data as it comes in.If trade tensions resolved in short order, it would clear some uncertainty.Plenty of liquidity in banking system.
How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices , is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
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