ECB President Lagarde reiterated: the Central Bank is ready to respond to uncertainties.

Jin10 data reported on June 23rd that European Central Bank President Lagarde stated that the ECB has the capability to address "exceptionally high" economic and political uncertainties. Lagarde mentioned that the inflation rate in the Eurozone will stabilize around the 2% target, and the risks to economic growth remain tilted to the downside. She stated on Monday: "At the current interest rate levels, we believe we are in a good position to handle an uncertain environment. Particularly in the current exceptionally uncertain situation, we will follow a data-dependent, meeting-by-meeting approach to determine the appropriate monetary policy stance." Lagarde also indicated that the ECB is closely monitoring fluctuations in the commodity markets and reiterated that since U.S. President Trump announced comprehensive tariffs, the weakness of the dollar has provided the euro with an opportunity to enhance its international standing.