LAGARDE SPEECH: INFLATION TO FLUCTUATE NEAR CURRENT LEVELS FOR REST OF YEAR
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged following the July policy meeting and responds to questions from the press.
Key quotes
"Incoming data indicates that Euro area economy grew in the second quarter."
"Growth is likely slower than the first quarter."
"Services lead the recovery, industry and exports are weak."
"Investments point to muted growth in 2024."
"We expect recovery to be supported by consumption."
"The labour market remains resilient."
"More jobs were likely created in the second quarter, mainly in services."
"Domestic inflation remains high."
"Wages are still rising at an elevated rate."
"Growth in labour cost will remain elevated in near term."
"Recent data on compensation is in line with expectations."
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.