6/29, 3:49 PM (Source: TeleTrader)
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Markets understand what we are doing - Lagarde

European Central Bank President Christine Lagarde said on Wednesday that markets "have full understanding and appreciation of what we are doing" in terms of central bank actions to curb inflation. She stated the ECB clearly indicated its intentions for the July and September meeting, adding that further monetary policy action will depend on the level of uncertainty moving forward.

Lagarde acknowledged the ECB underestimated the impact energy prices and supply chain bottlenecks would have on prices in the euro area. She said the bank will be monitoring these factors, as well as wage negotiations, for its forecasts in the future.

Baha Breaking News (BBN) / DJ