ECB president Lagarde: Monetary policy cannot bring down energy prices

Remarks by ECB president, Christine Lagarde, as she delivers her keynote speech at “The ECB and Its Watchers” conference If this event had been held a few weeks ago, my speech would have been very differentBut we find ourselves yet again in a different worldWe are facing profound uncertainty about the path of the economyNone of us can… If this event had been held a few weeks ago, my speech would have been very different But we find ourselves yet again in a different world We are facing profound uncertainty about the path of the e... If this event had been held a few weeks ago, my speech would have been very different But we find ourselves yet again in a different world We are facing profound uncertainty about the path of the economy None of us can resolve the uncertainty about how the war in Iran will play out Our response will be rooted in our monetary policy strategy, which is well equipped to help… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.