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LAGARDE SPEECH: WAGES, PROFITS, TRADE TENSIONS POTENTIAL UPSIDE RISKS FOR INFLATION

hagijeee
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Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower the benchmark interest rate by 25 basis points at the September policy meeting and responds to questions from the press.

Key quotes

"Negotiated wage growth will remain high and volatile for the rest of 2024."

"Overall labor cost growth is moderating."

"Unit labor costs expected to continue to decline."

"Risks to growth are skewed to the downside."

"Wages, profits, trade tensions potential upside risks for inflation."


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