European Central Bank (ECB) President Christine Lagarde is making some comments on inflation outlook while speaking in an interview titled "Financing the Covid recovery with new economic headwinds" at the Reuters Next online conference.
Additional comments
The euro area is different from the US if you look at inflation, labour market, slack.
Inflation profile looks like hump.
We see inflation going towards target in course of 2022.
We're at high level of hump.
We have reason to believe energy prices by end of 2022 will have declined significantly.
We're seeing more companies saying bottlenecks taking until mid-2022 or end 2022.
We're seeing in November numbers slight decrease in bottlenecks impact.
Euro area unemployment much higher than the US, which means there's slack.
We're not observing big resignation here.
We have observed some wage increases in latter part of 2021, but mostly bonuses or catch-up.
We're not there yet in terms of 2nd round effects.
Read: Lagarde speech: Don't know if current vaccines resistant to Omicron
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.
Recommended content
Editors’ Picks
AUD/USD remains confined in a multi-day-old trading range ahead of Australian CPI, Chinese PMIs
![AUD/USD remains confined in a multi-day-old trading range ahead of Australian CPI, Chinese PMIs](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/AUDUSD/hundred-bucks-3645622_XtraSmall.jpg)
AUD/USD extends its sideways consolidative price move for the fourth straight day on Wednesday as traders prefer to wait on the sidelines ahead of the crucial data/event risks. The quarterly Australian CPI report, accompanied by the official PMI prints from China, should provide some impetus to the Aussie.
USD/JPY hangs near multi-month low ahead of BoJ, Fed policy decisions
![USD/JPY hangs near multi-month low ahead of BoJ, Fed policy decisions](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/USDJPY/japanese-yen-62890274_XtraSmall.jpg)
The USD/JPY pair oscillates in a range just above a nearly three-month low touched last week as traders opt to wait for the key central bank event risks – the BoJ policy decision. The markets have been discounting a greater chance of a rate hike, which underpins the JPY and acts as a headwind for the currency pair.
Gold price bulls turn cautious ahead of the crucial FOMC policy decision
![Gold price bulls turn cautious ahead of the crucial FOMC policy decision](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/Gold-bar-USDollar-XAUUSD_XtraSmall.jpg)
Gold price consolidates the previous day's strong move up and holds above the $2,400 mark during the Asian session on Wednesday. Traders now seem reluctant and await more cues about the Fed's policy path before committing to the next leg of a directional move. Hence, the focus remains on the outcome of a two-day FOMC meeting.
Ethereum price dynamics combined with Q2 insights suggest ETH has potential for another rally in current cycle
![Ethereum price dynamics combined with Q2 insights suggest ETH has potential for another rally in current cycle](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Ethereum/ethereum_3_XtraSmall.jpg)
Ethereum is down 1.5% on Tuesday despite several market participants acknowledging its ninth anniversary. Meanwhile, Glassnode shared key ETH Q2 insights that may prove beneficial as the market takes shape in Q3.
Bank of Japan Preview: Set to hold rates, focus on quarterly forecasts and Governor Ueda’s remarks
![Bank of Japan Preview: Set to hold rates, focus on quarterly forecasts and Governor Ueda’s remarks](https://editorial.fxstreet.com/images/Resources/Discover/Discover_38_3_XtraSmall.png)
The Bank of Japan is expected to hold interest rates and trim bond purchases on Wednesday. The BoJ’s quarterly forecasts and Governor Kazuo Ueda’s words will grab more attention. The BoJ policy announcements are set to infuse massive volatility into the Japanese Yen.