European Central Bank President Lagarde: The Central Bank has the ability to respond to "exceptionally high" economic and political uncertainty.

Gate News bot news, European Central Bank President Lagarde stated that the European Central Bank is capable of coping with "exceptionally high" economic and political uncertainty. Lagarde mentioned that the inflation rate in the eurozone will stabilize near the target of 2%, while the risks to economic growth remain tilted to the downside.

"At the current level of interest rates, we believe we are in a good position to deal with an uncertain environment," she said on Monday. Especially in the current period of exceptional uncertainty, we will follow a data-dependent, meeting-by-meeting approach to determining the appropriate monetary policy stance. ”

Lagarde also stated that the European Central Bank is closely monitoring the fluctuations in the commodity markets and reiterated that since U.S. President Trump announced comprehensive tariffs, the weakness of the dollar has provided an opportunity for the euro to rise its international status.

Source: Jinshi