Friday, 29 May 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Lagarde speech: Inflation Remains Some Distance Below Our Medium-Term Aim
Tuesday, 11 February 2020 21:25 WIB | FISCAL & MONETARY | ECBLagarde

The growth momentum of the euro area has been slowing down since 2018 dur to global uncertainties and weaker international trade, European Central Bank (ECB) President Christine Lagarde said in her prepared remarks at the European Parliament's plenary session.

"Moderating growth has also weakened pressure on prices, and inflation remains some distance below our medium-term aim," Lagarde added.

The EUR/USD pair largely ignored these comments and was last seen trading at 1.0907, down 0.02% on a daily basis.

Key takeaways

"Monetary policy cannot, and should not, be the only game in town."

"The longer our accommodative measures remain in place, the greater the risk that side effects will become more pronounced."

"When interest rates are low, fiscal policy can be highly effective."

"It can support euro area growth momentum, which in turn intensifies price pressures and eventually leads to higher interest rates."

Source : Fxstreet

RELATED NEWS
RBA : Australia Economic Downturn To Be Less Severe Than Initially Feared...
Thursday, 28 May 2020 10:06 WIB

Australia™s central bank chief said on Thursday that better-than-feared health outcomes from the COVID-19 pandemic suggest the country™s economic downturn will likely not be as severe as earlier t...

RBA's Lowe: Australian financial system is resilient and is well placed to deal with COVID-19...
Thursday, 21 May 2020 09:53 WIB

Reserve Bank of Australia (RBA) Governor Philip Lowe is on the wires now, via Reuters, speaking on a panel at FINSIA's "The Regulators" Webinar. "Australian financial system is resilient and is well ...

Fed Officials Discuss How to Convince Markets That Interest Rates Will Stay Low For a Long Time...
Thursday, 21 May 2020 02:33 WIB

Federal Reserve officials in April discussed the next phase of interest rate policy ”convincing markets that rates will stay low for a long time ” but gave no sense than any changes were imminent....

Mnuchin Defends U.S. Fiscal Response to Pandemic, Seeks Payroll Loan Extension...
Wednesday, 20 May 2020 02:20 WIB

U.S. Treasury Secretary Steven Mnuchin on Tuesday defended the Trump administration™s fiscal response to the coronavirus pandemic and told senators he was willing to consider extending and modifying...

Australia Faces 'Unprecedented' Economic Hit from Coronavirus: RBA Minutes...
Tuesday, 19 May 2020 09:53 WIB

Australia is facing an "unprecedented economic contraction due to the coronavirus pandemic, though massive fiscal and monetary stimulus would help cushion the blow, minutes from the country's centr...

LATEST NEWS
Tokyo Stocks Open Lower On US-China Tension

Tokyo stocks opened lower on Friday, tracking falls on Wall Street on rising tensions between the US and China. The benchmark Nikkei 225 index was down 0.56 percent or 123.03 points at 21,793.28 in early trade, while the broader Topix index...

Hong Kong stocks hit by China-US stand-off (Review)

Hong Kong stocks sank Thursday as traders grow increasingly worried about the impact on the city's future from a US decision to revoke its preferential status, in response to China's plans for a new security law in the city. The Hang Seng Index...

Dow Ends With Near 150-point Drop as Investors Tackle U.S.-China Tensions

U.S. stocks ended lower on Thursday as investors faced worries around an escalating U.S.-China spat. The S&P 500 fell 0.2% to 3,030. The Dow Jones Industrial Average shed 148 points, or 0.6%, to 25,401, based on preliminary numbers. The Nasdaq...

POPULAR NEWS
Gold Flat As Hong Kong Concerns Offset Reopening Optimism
Wednesday, 27 May 2020 09:45 WIB

Gold traded flat on Wednesday as concerns about the U.S. response to China™s proposed security law for Hong Kong countered optimism about a...

Gold Edges Lower, Losing Shine as Stocks Rally on Easing Lockdowns, Vaccine Hopes
Tuesday, 26 May 2020 19:20 WIB

Gold futures lost some ground Tuesday as global equities rallied in response to easing business lockdowns as the pandemic recedes and encouraging...

Gold prices end lower on growing tensions between the U.S and China over Hong Kong
Thursday, 28 May 2020 01:18 WIB

Gold futures ended lower Wednesday, but of session lows as tensions between the U.S. and China worsened after Secretary of State Mike Pompeo...

Gold falls 1% as risk appetite firms on recovery optimism
Wednesday, 27 May 2020 01:32 WIB

Gold fell over 1% on Tuesday as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering...