The euro rallied as Lagarde said the time until the October meeting was relatively short

On September 12th, according to institutional analysis, in the statement of the European Central Bank and Lagarde's press conference, people heard some rather mixed information about inflation. Lagarde, the president of the European Central Bank, tried to clarify the outlook to some extent, clarifying that inflation is expected to fall in September and then climb again. However, she insisted that the central bank is not stuck to a number, and "data dependent" does not mean "data point dependent". < b > The euro rallied again against the dollar as Lagarde pointed out that the time between now and the October policy meeting is relatively short. This could be a signal that there is not enough data between now and the October meeting to decide whether another rate cut is necessary.