Lagarde speech: Risks to inflation outlook are two-sided

European Central Bank (ECB) President Christine Lagarde reiterated on Friday that it would be appropriate to reduce the current level of monetary policy restriction if the inflation criteria are met, per Reuters.

Lagarde added that the ECB's Governing Council is not pre-committed to a particular rate path and noted that risks to the inflation outlook are two-sided.

Market reaction

These comments failed to trigger a noticeable reaction in EUR/USD. At the time of press, the pair was up 0.15% on the day at 1.0660.