ECB President Lagarde (Q&A) says, on whether statement is hawkish or dovish, monpol is in good shape because it is agile, and prepared to do what is necessary to reach goals in a symmetric way

Lagarde's comments suggest a balanced approach to monetary policy, emphasizing the ECB's agility without committing to a hawkish or dovish stance.

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  • Is not trying to characterise the 'hawkishness' or 'dovishness'
  • Reiterates ECB is data-dependent, will decide meeting-by-meeting, is not path determined, does not give forward guidance
Context

This indicates a flexible response to incoming data, which could lead to volatility in EUR and affect market expectations around future rate decisions. The lack of forward guidance reinforces a cautious outlook, leaving room for varying interpretations as new economic data emerges.

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