Lagarde speech: Unlikely to go back to environment of low inflation

Europen Central Bank (ECB) President Christine Lagarde, FOMC Chairman Jerome Powell and Bank of England (BOE) Governor Andrew Bailey speak on the policy outlook at the ECB's annual Forum on Central Banking.

Key quotes

Lagarde: "We are unlikely to go back to an environment of low inflation."

Lagarde: "Inflaiton expectations are much higher than before."

Powell: "Our job is to find price stability even during new forces of inflation."

"Powell: "Reversal of globalisation could mean lower growth in places."

Powell: "The US economy is strong shape."

Market reaction

The EUR/USD pair struggles to gain traction and was last seen posting small daily losses at 1.0508.