Lagarde speech: We will do whatever we must do to reach inflation target

European Central Bank (ECB) president Christine Lagarde said on Friday, “we will do whatever we must do to reach inflation target.”

Additional quotes

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.

Market reaction

At the time of writing, EUR/USD is holding higher ground near 1.1780, up 0.21% on the day.