Lagarde opening statement: Risks to economic data remain tilted to the downside

<ul><li>Economy likely stagnated in Q4</li><li>Some surveys point to a pickup in 2024</li><li>Demand for labor is slowing</li><li>Upside risks to inflation include heightened geopolitical tensions, including in Middle East</li><li>Market interest rates have moved broadly sideways since our last meeting</li><li>We are determined to ensure inflation returns to our 2% target in a timeline manner</li><li>We will continue to follow a data-dependent approach</li></ul><p>There isn't much here and no hint on rate cuts.</p>

This article was written by Adam Button at www.forexlive.com.