- Disinflation has to be ‘timely’ and ‘sustainable’
- German growth not broken and demonstrating resilience
- Proximity to war in Ukraine part of the reason for differing economic paths for US and Europe
- Changing inflation target would be ‘deceptive’ and counter to anchoring expectations
That’s a dovish headline from Lagarde, though hardly a signal about a Sept pause.
This article was written by Adam Button at www.forexlive.com. Source