ECB's Lagarde: Interest rates not on a linear declining path, ECB could hold for longer
|European Central Bank (ECB) President Christine Lagarde noted that interest rates aren't hard-locked to a steady path of declines, warning markets that expectations of time-dependent rate cuts isn't helpful to the ECB's goals.
Key highlights
Interest rates are not necessarily on a linear-declining path, there might be periods when we hold.
It is possible ECB will hold rates for longer than a single meeting.
Time-dependent guidance on rates not helpful.
I am keen to see the evolution of labour costs and corporate profits.
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.