Lagarde Speech: Appreciation of Euro Puts Negative Pressure on Prices

Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference.

“In the near term, price pressures to remain subdued.”
“Euro appreciation to contribute to subdued price pressures.”
“We are not targeting fx rate.”
“Appreciation of euro puts negative pressure on prices.”
“Over the medium term, recovery in demand will put upward pressure on inflation.”
“We have to monitor carefully exchange rate, discuss extensively.”