Lagarde speech: Long-term inflation expectations broadly well-anchored
European Central Bank (ECB) President Christine Lagarde said on Friday that the long-term inflation expectations remain "broadly well-anchored," and reiterated that they are particularly attentive to the second-round effects.
"Any deviation from temporary, targeted stimulus will lead to different monetary policy stance," Lagarde further added.
Market reaction
EUR/USD stays under modest bearish pressure following these comments and was last seen losing about 0.2% on the day at 1.1595.
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