September 20, 2024 15:07 GMT
ECB: Don't Expect Much From Lagarde Today
ECB
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Heaadlines crossing from ECB President Lagarde's lecture at the IMF:
- "*ECB'S LAGARDE: UNCERTAINTY AHEAD IS ‘STILL PROFOUND’" bbg
- "*ECB'S LAGARDE: UNWINDING OF INFLATION SHOCK IS ‘REMARKABLE’"
- "*LAGARDE: INFLATION TO RETURN TO 2% TARGET IN 2ND HALF OF 2025"
We wouldn't expect Lagarde to deviate too far from the September meeting rhetoric in this lecture. She may reference the Fed's 50bp cut, but will probably play down its importance r.e. the trajectory of ECB policy.
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