ECB's Lagarde says her baseline is finishing the ECB term, according to WSJ
Newsquawk Staff ·
ECB's Lagarde says her baseline is finishing the ECB term, according to WSJ.
What it means
Lagarde's commitment to finishing her term suggests stability in the ECB's leadership amidst ongoing discussions about monetary policy. This may reinforce the current rate trajectory and provide some continuity in policy-making, affecting market expectations for rates and the euro. Watch for potential shifts in tone regarding upcoming inflation and growth metrics during future communications.
Sources
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- [MARKET ANALYSIS] Contained, but a bearish skew, across fixed income into the UK Budget and FOMC
- [MARKET ANALYSIS] Antipodeans diverge as AUD saw strong CPI and NZD slumped on a surprise RBNZ hold, DXY awaits the Fed
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause
- [MARKET ANALYSIS] Oil prices rebounded after recent choppy price action amid mixed geopolitical headlines, while an inconclusive Israeli election adds to the uncertainty
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