Global EconomyIMPORTANT
ECB's Lagarde says that thus far "we are seeing energy support from government in the 0.1% of GDP range"; working on swap lines for sovereignty of Euro Area
StockNow breaking-news AI analysis
ECB President Lagarde noted policy rates sit at the upper neutral range, policy is not neutral-guided, energy subsidies track 0.1% of GDP, and swap line initiatives continue.
News detail
Rates are at the upper end of neutral range. Not driving policy with reference to the neutral range. Energy subsidy impact will, based on the staff view, be at 0.1%.
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