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Lagarde Reiterates Data Dependence, Says Growth To Weaken Into Start of 2023

ECB
  • ECB's Lagarde says how much further rates need to go, and how fast, will be based on our updated outlook, the persistence of the shocks, the reaction of wages and inflation expectations, and on our assessment of transmission (Reuters)
  • In December, we will also lay out the key principles for reducing the bond holdings in our asset purchase programme portfolio (Reuters)
  • Lagarde says growth is expected to continue weakening for the remainder of this year and the beginning of next year (Reuters)
    • Full speech can be found here.

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