Lagarde: ECB committed to bring down inflation to medium-term target

• Decisions will follow a meeting-by-meeting assessment
• In December we will also lay out the key principles for reducing bond holdings
• It is appropriate that balance sheet is normalized over time in a measured and predictable way
• Incoming data suggests that wages are picking up, we will continue to assess that implication
• Fiscal policy needs to be considerate and to not add to inflationary pressures
• Growth is expected to continue weakening for the remainder of this year and the beginning of next year
• Strong labor markets are likely to support higher wages

The euro has edged a tad lower to 1.0448. You can see there's growing worry about growth creeping into the market but the comments continue to focus on inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term. I'm carefully watching weather forecasts and starting around December 5 and lasting for at least a week, there's some very cold weather coming to Europe. That will be the first big test of the energy market.