Lagarde speech: ECB set to upgrade its inflation forecast in June
In an Italian talkshow Che Tempo Che Fa on Sunday, the European Central Bank (ECB) President Christine Lagarde said that the central bank is likely to raise the inflation forecast at its monetary policy meeting next month.
A March projection that foresaw price gains of 2.6% this year “will probably be revised,” Lagarde said, adding that the situation “has evolved” since then.
Lagarde declined to say whether an upward revision would translate into a rate increase at the June 11 meeting.
Market reaction
At the time of reporting her comments, EUR/USD is trading 0.35% higher on the day at around 1.1640.
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