{"id":75270,"date":"2022-11-08T00:44:00","date_gmt":"2022-11-07T20:44:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=75270"},"modified":"2022-11-08T01:47:45","modified_gmt":"2022-11-07T21:47:45","slug":"ecbs-lagarde-inflation-is-much-too-high-rates-to-rise-further","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ecbs-lagarde-inflation-is-much-too-high-rates-to-rise-further\/11\/08\/market-updates\/","title":{"rendered":"ECB&#8217;s Lagarde: Inflation too high, rates to rise further"},"content":{"rendered":"\n<p>European Central Bank President Christine Lagarde repeated that the cycle of interest-rate hikes has to ensure that inflation returns to the 2% target over the medium term.<br><br>Meanwhile, the EUR\/USD pair is on the up and traders have been of the mind that the US economy is slowing enough to allow the Federal Reserve to ease its rate-hiking pace.<br><br>&#8221;Must bring inflation back to 2%,&#8221; she said in recent trade, adding again that inflation is \u2018much too high\u2019&#8217;. She said rates will rise more. <br><br>This ECB stance weighs on the US dollar and the ongoing speculation that China could ease COVID restrictions is also playing a role in the downside at the start of the week.<br><br>EURUSD has been approaching last month&#8217;s highs. \u201cWhat we have to do at the moment is difficult,\u201d Lagarde noted, in an interview broadcast Monday night. \u201cWe have to bring inflation back to 2% in the medium term.. that is our objective, that\u2019s our primary concern, that\u2019s our compass\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Central Bank President Christine Lagarde repeated that the cycle of interest-rate hikes has to ensure that inflation returns to the 2% target over the medium term.Meanwhile, the EUR\/USD pair is on the up and traders have been of the mind that the US economy is slowing enough to allow the Federal Reserve to ease &hellip;<\/p>\n","protected":false},"author":13,"featured_media":41151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6832,8310,6923,6987],"class_list":["post-75270","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-china","tag-christine-lagarde","tag-ecb","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=75270"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75270\/revisions"}],"predecessor-version":[{"id":75278,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75270\/revisions\/75278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/41151"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=75270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}