Lagarde speech: Stronger Euro could bring inflation down more than expected

Christine Lagarde, the President of the European Central Bank (ECB), explained the ECB's decision to keep key interest rates unchanged at the February policy meeting and addressed press questions. She emphasized that a stronger Euro could help lower inflation more than expected. While there were no specific levels mentioned regarding support or price action, the strength of the Euro is expected to decrease import costs and alleviate core inflation pressures. The market is keenly observing this statement, raising concerns about how the ECB's policy might impact future economic growth and inflation outlook. Lagarde also noted that any future changes to interest rates would be considered with caution. Her comments may provide crucial insights for investors and traders, highlighting the need to monitor the Euro's movements and its implications for inflation.