European Central Bank (ECB) President Christine Lagarde crossed wires via an interview on the Buitenhof TV show aired Sunday wherein she said, “I think we covered a large chunk of the journey toward taming inflation and bringing it back to our target.”
The policymaker, however, also mentioned, “We are not done yet, we are not pausing based on the information I have today.”
“Inflation outlook is too high and for too long,” added ECB’s Lagarde.
So many things can go wrong that we cannot give what we call forward guidance.
I don’t have a predetermined number in my mind.
EUR/USD prints mild gains
EUR/USD justifies hawkish comments from ECB President Lagarde as it prints mild gains, keeping Friday’s rebound from a two-month low, near 1.0820 during early Monday in Asia.