Lagarde warns ECB doubters to „revise their positions“ 0 (0)

<p style=““ class=“text-align-justify“>When asked on why the ECB is failing to convinced the market about its resolve to raise rates at a quicker pace, Lagarde said that „I would advise market participants to revise their positions“. (h/t @ LiveSquawk)</p><p style=““ class=“text-align-justify“>The added pushback here is weighing further on the market mood with equities down at the lows for the day. European indices are down slightly over 1% and S&P 500 futures are down 29 points, or 0.7%, at the moment. 10-year German bund yields are also up roughly 7 bps on the day now to 2.07%:</p>

This article was written by Justin Low at www.forexlive.com.

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ECB’s Lagarde: Inflation is way too high 0 (0)

<ul><li>We will stay the course with rate hikes</li><li>Inflation expectations are not de-anchoring</li><li>We have to avoid the case of that happening</li></ul><p style=““ class=“text-align-justify“>The euro briefly hit the highs for the day on the remarks above, with EUR/USD moving up to 1.0838 before settling back down to 1.0815 now – still up 0.2% on the day though. The slight jump comes as we see euro area bond yields also nudge higher on the day. 10-year German bund yields are up 4 bps to 2.03% currently.</p>

This article was written by Justin Low at www.forexlive.com.

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