EUR/USD
1.14251
0.339%
Gold
4015.47
-1.377%
Oil
70.267
1.270%
USD/JPY
161.933
0.113%
GBP/USD
1.32589
0.461%
GBP/JPY
214.712
0.576%
Real-time News
On June 30th, European Central Bank (ECB) President Christine Lagarde stated that the ECBs 25-basis-point interest rate hike in June was not a "precautionary" move to guard against future inflation risks, but rather a "prudent decision" based on the economic and inflation situation at the time. She stated that if the rate hike had not been implemented, inflation would have remained above the 2% target in 2027 and 2028, and new circumstances since the June meeting, including the decline in oil prices, have not changed the ECBs initial assessment. Lagarde emphasized that the ECB now has a more comprehensive system of data, indicators, and forecasts, and monetary policy will adhere to the principle of "data-driven, meeting-by-meeting decision-making," rather than relying on forward guidance. She also pointed out that in the current market environment, financial conditions often adjust themselves based on economic data, allowing monetary policy to take effect before formal decisions are made, giving the ECB more time to assess changes in the situation.European Central Bank President Christine Lagarde: We can continue to raise interest rates without worrying that monetary policy tightening itself will become a source of financial stress.European Central Bank President Christine Lagarde: In times of uncertainty, forward guidance loses its value.European Central Bank President Christine Lagarde: We face the prospect of rising overall and core inflation.European Central Bank President Christine Lagarde: The sustainability of the US-Iran peace agreement is far from guaranteed.
