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MNI BRIEF: US Inflation Feeds Into Wider Projections - Lagarde

(MNI) LONDON
(MNI) London

ECB President says U.S. data has no direct impact on ECB thinking, but feeds into wider projections.

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The ECB's monetary policy decisions are made on the basis of data across the eurozone, which is influenced by the wider global economy, not just the U.S., President Christine Lagarde said on Thursday when asked about sticky U.S. inflation data. (See MNI SOURCES: ECB Wary Of Any "Significant Divergence" With Fed)

Overall global economic conditions, which include Japan and China, would feed into models behind the ECB’s June projections, she said, adding that the nature of inflation in the eurozone is different to that in the U.S., Lagarde said.

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The ECB's monetary policy decisions are made on the basis of data across the eurozone, which is influenced by the wider global economy, not just the U.S., President Christine Lagarde said on Thursday when asked about sticky U.S. inflation data. (See MNI SOURCES: ECB Wary Of Any "Significant Divergence" With Fed)

Overall global economic conditions, which include Japan and China, would feed into models behind the ECB’s June projections, she said, adding that the nature of inflation in the eurozone is different to that in the U.S., Lagarde said.