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- 1Lagarde says measured ECB rate hikes remain appropriate▼Measured ECB hikes to quell inflation remain appropriate, Lagarde says
European Central Bank President Christine Lagarde said measured interest rate increases remain the appropriate tool to bring eurozone inflation back down. Her remarks, reported by Reuters and financial outlets, signal the ECB intends to keep tightening policy in careful steps rather than pause or accelerate, as policymakers weigh persistent price pressures against slowing economic growth across the euro area.
- 2Lagarde says ECB will stick to measured rate steps against inflation●ECB's Lagarde sticking to measured steps to quell inflation
Christine Lagarde, president of the European Central Bank, signalled that the bank will continue with gradual, measured policy steps to bring eurozone inflation back to target, rather than committing to aggressive moves either way. The approach keeps the ECB on a cautious path as officials weigh persistent price pressures against slowing growth in the euro area. Investors and economists are watching for clues on the timing and size of future rate decisions.
- 3Euro area inflation expected to hit 3.5% in September●# euro area # inflation Economists polled by @Reuters expect consumer prices in Sept to have risen by 3.5%Y, up from 3.2
Economists polled by Reuters expect euro area consumer prices to have risen 3.5% year-on-year in September, up from 3.2% in August, which would be the fastest pace in nearly three years. Eurostat is due to publish its flash estimate on Friday, and analysts are watching closely for what it means for European Central Bank policy.