- Rates are to stay sufficiently restrictive for as long as needed
- There is still high level of uncertainty
- Price pressures are still elevated and is evident in indicators for domestic inflation
- Economic activity is recovering
This is mainly a rehash of Lagarde’s remarks from last week. Don’t expect anything different from the ECB until we get to the July meeting.
This article was written by Justin Low at www.forexlive.com.
