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Lagarde Says The ECB is Not Pivoting, Not Wavering & Showing Resilience

ECB
  • Q: Fed slowed hikes yesterday, how does it impact the ECB?
  • A: Anybody who thinks this is a pivot for the ECB is wrong. We are not pivoting, we are not wavering, we are showing determination and resilience. Compared with the Fed, we have more ground to cover, longer to go. Which is why we have specifically added messages in our monetary policy statement. I know it is tempting to think all central banks are doing the same thing at the same time. But the ECB is not pivoting.

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