Lagarde: Uncertainty is huge ...Middle East

We are not precommiting to a pathWe will probably be more data dependentSome governors indicate what they think but those are not collective views, I assure youFrom one day to the other, our projections change dramaticallyRisks are all over the place

These comments were worth hearing because Lagarde underscored the uncertainty and the variability of policy.

Decision was a consensus and no one opposedHolzmann abstainedWon't be changing policy stance based on short term market movesLimited spread variation despite massive yield movesOur staff isn't in a position to yet evaluate how German policies might impact growth and inflationThese things need to go through parliament and be implemented. It would boost growth but we will seeWe will reach inflation target in 2026, the delay is due to energy prices This article was written by Adam Button at www.forexlive.com.

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