ECB President Lagarde says they will decide their monetary policy meeting by meeting based on data; has no pre-set stance

ECB President Lagarde says they will decide their monetary policy meeting by meeting based on data; has no pre-set stance.

Lagarde's comments indicate a data-dependent approach to monetary policy, suggesting flexibility rather than a fixed trajectory. This could imply that market expectations for rate changes may need to be recalibrated based on incoming economic indicators. Traders should watch for shifts in EUR and fixed income reaction as this approach could lead to more volatility in response to data releases.