ECB’s Lagarde: Indicators developing towards a sustained return to our inflation target

• Labour market remains robust
• Conditions for recovery are in place
• Most underlying indicators have been developing towards a sustained return to our target
• After some fluctuation, inflation should return to our target
• Risks to economic growth remain to the downside
• We will be data dependent and are not pre-committing to any rate path

The euro has been jumping during this press conference but it’s not exactly clear why as I didn’t hear anything from Lagarde to make waves. Some are pointing to month-end flows.

This article was written by Adam Button at www.forexlive.com.