Lagarde: ECB committed to bring down inflation to medium-term target

<ul><li>Decisions will follow a meeting-by-meeting assessment</li><li>In December we will also lay out the key principles for reducing bond holdings</li><li>It is appropriate that balance sheet is normalized over time in a measured and predictable way</li><li>Incoming data suggests that wages are picking up, we will continue to assess that implication</li><li>Fiscal policy needs to be considerate and to not add to inflationary pressures</li><li>Growth is expected to continue weakening for the remainder of this year and the beginning of next year</li><li>Strong labor markets are likely to support higher wages</li></ul><p>The euro has edged a tad lower to 1.0448.</p>

This article was written by Adam Button at forexlive.com.