ECB President Lagarde says rates do not move in lockstep with energy prices, and that other factors play a role
ECB President Lagarde reaffirmed a measured, meeting-by-meeting approach amid economic uncertainty, noting rate decisions consider multiple factors beyond energy, while digital Euro legislation targets 2026 completion.
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Uncertainty dominates the economic outlook. The digital Euro legislation is to be completed in 2026. Euro pilot has been scheduled for mid-2027. Taking a measured approach to the current response. Clear that energy is a significant variable. Are well positioned to respond. Reiterated meeting-by-meeting approach. Does not see disorderly movements in markets and that the yield rise is a global movement. Nothing to report on regarding her possible departure from the ECB.
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