ECB Governing Council Press Conference - 6 June 2024

In the week ending June 1, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 8,000 from the previous week's revised level. The previous week's ...

post: *LAGARDE: ECONOMY TO CONTINUE TO RECOVER - BBG *LAGARDE: MANUFACTURING SHOWING SIGNS OF STABILIZATION *LAGARDE: SURVEYS POINT TO CONTINUED JOB GROWTH IN NEAR TERM post: *LAGARDE: DOMESTIC INFLATION REMAINS HIGH - BBG *LAGARDE: WAGES RISING AT ELEVATED PACE *LAGARDE: LABOR COSTS WILL LIKELY FLUCTUATE DUE TO ONE-OFFS *LAGARDE: WAGE GROWTH WILL MODERATE OVER COURSE OF YEAR *LAGARDE: PROFITS ABSORBING PART OF WAGE INCREASES post: ECB’S LAGARDE: INFLATION TO FLUCTUATE AROUND CURRENT LEVELS FOR REST OF YEAR ECB’S LAGARDE: INFLATION WILL THEN DECLINE TOWARDS TARGET IN 2H25 ECB’S LAGARDE: RISKS TO GROWTH BALANCED IN NEAR TERM

post: *LAGARDE: WOULDN'T SAY ECB IS MOVING IN DIALING-BACK PHASE post: ECB'S PRESIDENT LAGARDE: WE WILL NEED MORE DATA TO CONSTANTLY CONFIRM DISINFLATIONARY PATH. post: ECB'S PRESIDENT LAGARDE: WE'RE MORE RESTRICTIVE IN REAL TERMS THAN BACK IN SEPTEMBER. post: MORE ECB'S LAGARDE: I CANNOT CONFIRM THE THE 'DIALING BACK' PROCESS IS UNDERWAY, BUT THERE IS A 'STRONG LIKELIHOOD' THAT IT IS UNDERWAY #ecb #europeancentralbank #interestrates #inflation #eurozone #monetarypolicy #christinelagarde post: <EUR=>:*LAGARDE: SPEED, TIMING WILL BE DETERMINED BY DATA ?*LAGARDE: NEXT FEW MONTHS WILL BE BUMPY

post: ECB'S PRESIDENT LAGARDE: THE DECISION WAS ALMOST UNANIMOUS APART FROM ONE GOVERNOR.