ECB's Lagarde: We will do whatever we must do to reach inflation target

• We must have stability on prices
• ECB is fully committed to inflation target
• Economic system needs to become more efficient before euro can boost global currency status
• EU needs to cut trade barriers further within Europe, simplify regulation

There’s not really much in these comments, just some token remarks in general. As things stand, the ECB is set to pause policy through the summer at least and that’s the only narrative in play for now.

This article was written by Justin Low at www.forexlive.com.