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Lagarde: "Not For Me To Say" Whether Rates Markets Got Ahead Of Themselves

ECB
Q: Are markets getting ahead of themselves in expected a rate rise next year? How important is it for you to maintain some of the flexibility of PEPP after its ends in March next year?
  • A: It is not for me to say whether markets are ahead of themselves. Our analysis does not support that the conditions of our forward guidance have been satisfied. We have no reason to believe the wages will sustainably increase and pressure prices.- We have demonstrated flexibility when forming PEPP. We can do so again in the future.

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