Lagarde speech: Inflation numbers are relatively reassuring
In an exclusive interview with Bloomberg TV's Francine Lacqua on Tuesday, European Central Bank (ECB) President Christine Lagarde noted that inflation numbers in the Eurozone are "relatively reassuring" but added that they can't jump to a conclusion that it's a done deal.
Lagarde further said that she hopes that inflation will be back at their target sooner than projected, reiterating that they are confident that they will get to their target in 2025.
Market reaction
These comments failed to trigger an immediate market reaction. At the time of press, the EUR/USD was trading marginally lower on the day, a few pips above 1.0800.
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