ECB's Lagarde says we continue to expect inflation to stabilise at the 2% target in the medium term, will continue to follow data-dependent and meeting-by-meeting approach

ECB's Lagarde says we continue to expect inflation to stabilise at the 2% target in the medium term, will continue to follow data-dependent and meeting-by-meeting approach.

Lagarde's remarks indicate a persistent commitment to the ECB's 2% inflation target, suggesting a cautious yet adaptable policy stance. This data-dependent approach implies that future rate decisions will hinge on incoming economic indicators, allowing for potential adjustments based on evolving conditions. Traders should consider the implications for Eurozone interest rates and their effect on euro performance and broader market sentiment.