More tightening will be required if fiscal cooperation is absent, Christine
Lagarde, president of the European Central Bank said as reported in The Economic Times.
Largde said, ”there is every reason to believe that we will do another 50 basis points in March.After that, we will see.We are data dependent.”
She added, ”we will do more hikes if necessary to return inflation to our target of 2% in a timely manner.It will take what it will take.What I know is that we will return inflation to 2%.And we want to not only return it to 2%, but to keep it there sustainably.”
Information on these pages contains forward-looking statements that involve risks and uncertainties.Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.You should do your own thorough research before making any investment decisions.
FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations.
The author makes no representations as to the accuracy, completeness, or suitability of this information.FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Follow us on Telegram
Stay updated of all the news
Recommended content
Editors’ Picks
AUD/USD bulls eye a correction to test dynamic resistance
[]https://www.fxstreet.com/currencies/audusd
The US Dollar climbed to seven-week peaks on Friday, leaving the Aussie on the backfoot after data showed US inflation accelerated while consumer spending rebounded last month.
AUD/USD News
EUR/USD eyes more downside below 1.0540 as US PCE propels hawkish Fed bets
[]https://www.fxstreet.com/currencies/eurusd
The EUR/USD pair is juggling in a narrow range above 1.0540 in the early Asian session.The major currency pair is likely to show more weakness after surrendering the immediate support of 1.0540 ahead.
EUR/USD News
Gold: Strong US Dollar signals XAU/USD fall towards sub-$1,800 zone
[]https://www.fxstreet.com/markets/commodities/metals/gold
Gold price stays depressed at the lowest levels in two-months after declining in the last five consecutive days, as well as printing four-week south-run.
Gold News
Everything you need to know about Ethereum’s Shanghai hard fork and why it matters
Ethereum network is preparing for the Sepolia testnet at 4 pm UTC on February 28 and the Shapella hard fork in March 2023.The combination of Shanghai and Capella hard forks marks a milestone in the development of the largest altcoin in the crypto ecosystem.
Read more
Soft landing, to no landing, to crash landing
[]https://www.fxstreet.com/analysis/soft-landing-to-no-landing-to-crash-landing-202302241952
The Deep State of Wall Street has changed the narrative from an economy that will probably undergo a just a soft landing, to one that will now experience no landing at all.
This specious propaganda is derived from the situation where we find CPI falling from 9.1% last summer, to 6.4% in January of this year.
https://www.fxstreet.com/analysis/soft-landing-to-no-landing-to-crash-landing-202302241952.
