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High Impact

ECB LAGARDE: WAR'S STOP-START NATURE MAKES IMPACT ,TO GAUGE

📅
🏷Markets
📰via FS
✍️Edited by Luís Barata

ECB President Lagarde highlighted that the stop-start nature of ongoing geopolitical conflicts complicates the assessment of their economic and inflationary impacts. This uncertainty affects the central bank's ability to calibrate monetary policy, particularly in terms of rate differentials and forward guidance, as supply chain disruptions and energy price volatility remain intermittent. Eurozone bond markets and the EUR are particularly exposed, given their sensitivity to shifts in ECB policy expectations and risk appetite. Traders will closely watch the next ECB staff macroeconomic projections and any revisions to inflation forecasts as a key catalyst for policy reassessment.

Source: Originally reported by FS at April 20, 2026. Summary and market context by Trading News Terminal editorial.

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