European Central Bank President Christine Lagarde said on Friday that she expects inflation to begin to slow from January, according to Reuters. We will take action if it becomes necessary, she added, before stating that, under the current conditions, she expects we will no longer need net bond purchases under the PEPP by the Spring. 

Market reaction

The euro hasn’t seen much of a reaction to the latest comments from ECB President Lagarde in recent trade. EUR/USD continues to flirt with the 1.1300 level. 

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