ECB to do everything it takes to get inflation to 2%: Lagarde

Friday, January 14, 2022

© Reuters. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, March 12, 2020. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) -Euro zone inflation will fall from a record high this year and the European Central Bank is ready to take any measures necessary to get it down to its 2% target, ECB President Christine Lagarde said on Friday.

Inflation rose to 5% last month, the highest on record for the 19-country currency bloc and more than twice the target, as soaring energy costs and supply constraints pushed up prices for a range of goods and services.

The ECB has long argued that price growth will abate on its own but Lagarde said the ECB could adjust policy if needed.

"Our commitment to price stability remains unwavering," she said in a speech. "We will take any measures necessary to ensure that we deliver on our inflation target of 2% over the medium term."

"We understand that rising prices are a concern for many people, and we take that concern very seriously," Lagarde added.

The ECB extended stimulus last month, arguing that longer-term price pressures are actually too weak rather than too high and that inflation was at risk of falling below its target by year-end.

A number of policymakers have challenged that narrative, however, arguing that risks are skewed towards higher readings and that the ECB should start unwinding its extraordinary support measures.

"We have the flexibility to respond to a range of circumstances," Lagarde said, adding that the drivers of inflation are actually a drag on growth.

"Higher energy prices are cutting into household incomes and denting confidence, while supply bottlenecks are leading to shortages in the manufacturing sector," she said.

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17-01-2022 20:13:20 (UTC+7)

EUR/USD

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EUR/USD

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Adidas AG

252.65

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EUR/USD	1.1417	↑ Buy
GBP/USD	1.3656	Neutral
USD/JPY	114.51	↑ Sell
AUD/USD	0.7217	Neutral
USD/CAD	1.2505	↑ Sell
EUR/JPY	130.74	Sell
EUR/CHF	1.0428	Neutral

Gold	1,819.05	↑ Buy
Silver	23.038	Neutral
Copper	4.4268	↑ Sell
Crude Oil WTI	83.72	Sell
Brent Oil	86.52	↑ Sell
Natural Gas	4.268	↑ Buy
US Coffee C	239.65	↑ Buy

Euro Stoxx 50	4,302.14	↑ Sell
S&P 500	4,662.85	↑ Buy
DAX	15,933.72	↑ Sell
FTSE 100	7,611.23	↑ Buy
Hang Seng	24,218.03	↑ Buy
Small Cap 2000	2,161.55	↑ Buy
IBEX 35	8,838.70	↑ Sell

BASF	68.140	Neutral
Bayer	52.82	↑ Buy
Allianz	227.05	↑ Buy
Adidas	252.65	↑ Buy
Lufthansa	7.241	↑ Sell
Siemens AG	146.00	Neutral
Deutsche Bank AG	12.018	↑ Buy

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	6,120/ 6,160 (0/ 0) # 1,150
SJC HCM	6,110/ 6,170 (0/ 0) # 1,160
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SJC Danang	6,110/ 6,172 (0/ 0) # 1,162
SJC Nhatrang	6,110/ 6,172 (0/ 0) # 1,162
SJC Cantho	6,110/ 6,172 (0/ 0) # 1,162
Cập nhật 17-01-2022 20:13:23
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Sản phẩm	Vùng 1	Vùng 2
RON 95-IV	24000	24480
RON 95-II,III	23900	24370
E5 RON 92-II	22910	23360
DO 0.05S	18380	18740
DO 0,001S-V	18730	19100
Dầu hỏa	17190	17530

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$ Tỷ giá Vietcombank
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JPY	192,66	203,94
KRW	16,50	20,10
Cập nhật lúc 08:08:57 18/01/2022 Xem bảng tỷ giá hối đoái