All Eyes on Lagarde's Press Conference at ECB Monetary Policy Update

Thursday, 7 March 2024, 10:49
The ECB policy meeting decision is expected to be uneventful as the central bank remains cautious in light of inflation concerns. Lagarde's main goal is to maintain the status quo embedded in a 'data-dependent approach'. The statement should offer no surprises, directing market attention towards the press conference. Lagarde's challenge lies in avoiding any slip-ups that could alter expectations on future rate cuts.
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All Eyes on Lagarde's Press Conference at ECB Monetary Policy Update

All Eyes on Lagarde's Press Conference

The ECB's policy meeting decision later is expected to be uneventful, with the central bank unable to cut rates at this stage.

The key focus is on Lagarde's press conference and her goal of maintaining the current status quo.

The Role of 'Data-Dependent Approach'

The ECB is comfortable with the market expectation of the first rate cut in June, aligning with recent economic data.

Lagarde must carefully navigate her speech to avoid any deviation from the current guidance on future rate cuts.

If handled well, today's events should have little impact on the euro and rates market.

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