Lagarde Says Risks to Inflation, Growth More Broadly Balanced

ECB President Christine Lagarde said euro-area risks to inflation and growth are now more broadly balanced following the ECB’s annual retreat in Sintra, Portugal. The statement is broadly neutral but may temper rate-path expectations at the margin as the central bank signals less skew in the outlook.

Analysis

ECB President Christine Lagarde said euro-area risks to inflation and growth are now more broadly balanced following the ECB’s annual retreat in Sintra, Portugal. The statement is broadly neutral but may temper rate-path expectations at the margin as the central bank signals less skew in the outlook.