Free Trial

MNI BRIEF: ECB "Will Have A Lot More Data" By June - Lagarde

(MNI) London

The European Central Bank will have more information available to it in April as it considers a potential shift in policy, but it there is a "broad agreement that we will have a lot more data available in June," ECB President Christine Lagarde said on Thursday.

The current data is "directionally good", but more is needed to ensure durability, Lagarde said, adding that policymakers did not necessarily have to wait until inflation hits 2% "to take a decision."

The ECB earlier left interest rates unchanged, saying policy would continue to follow a data-dependent approach to determining the appropriate level and duration of monetary restriction. (See MNI SOURCES: ECB Cut Expectations Range From 50-100BP In 2024)

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.