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.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.