![Christine Lagarde Jan 25 2023](https://images.forexlive.com/images/Christine%20Lagarde%20Jan%2025%202023_id_9d69c70a-8e06-413f-96e7-4e0cfb00a33f_original.jpg)
Christine Lagarde
- Economy likely stagnated in Q4
- Some surveys point to a pickup in 2024
- Demand for labor is slowing
- Upside risks to inflation include heightened geopolitical tensions, including in Middle East
- Market interest rates have moved broadly sideways since our last meeting
- We are determined to ensure inflation returns to our 2% target in a timeline manner
- We will continue to follow a data-dependent approach
There isn't much here and no hint on rate cuts.