ECB's Lagarde: We have made those future decisions conditional on incoming data

<figure data-media-><img src="https://images.forexlive.com/images/Lagarde%20painting_id_d7ac52eb-3bb9-4066-b42a-f7e981054710_size900.jpg" alt="Lagarde painting" width="1203" height="697" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/Lagarde%20painting_id_d7ac52eb-3bb9-4066-b42a-f7e981054710_size900.jpg" /></figure><p><br></p><ul><li>We have made those future decisions conditional on the incoming data meaning that we can act if we see rising risks of missing are inflation target</li><li>The energy and supply chain shocks which played a substantial role in last year's inflation surge are now unwinding.</li><li>We expect headline inflation to rise again slightly in the coming months.</li><li>Our monetary policy is in a phase where we need to be attentive to the different forces affecting inflation, but always firmly focused on our mandate.</li><li>We will need to remain attentive until we have firm evidence that the conditions are in place for inflation to return sustainably to our goal.</li><li>Given the scale of our policy adjustment, we can now allow some time for them to unfold.</li><li>This is not the time to start declaring victory.</li><li>Our assessment is that strong wage growth mainly reflects catch-up effects related to past inflation, rather than a self-fulfilling dynamic.</li><li>Strong wage growth mainly reflects catch-up effects related to past inflation.</li><li>We need to remain focused on bringing inflation back to our target and not rush to premature conclusions based on short-term developments<br></li><br></ul><p><br></p>

This article was written by Greg Michalowski at www.forexlive.com.