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Lagarde speech: Wages matter enormously

2024-06-21FXStreetFXStreet
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to cut key rates by 25 basis points in June and responds to questions from the press.

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to cut key rates by 25 basis points in June and responds to questions from the press.

Key quotes

"Wages matter enormously."

"Can't commit to deciding rates only at projection round meetings."

"We have more data at projection round meetings."

"We take inflation fight extremely seriously."

"If neutral rate has increased, we're far away now."

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