MNI BRIEF: Don't Read Too Much Into ETS2 Changes - Lagarde

Changes to the European Union's ETS2 emissions trading scheme will have only minor effect on the European Central Bank's inflation calculations, President Christine Lagarde said on Thursday.

"I would not read too much into a delay in ETS2," Lagarde said, calling proposed changes a "smoothing over a longer period", with a bit less of an effect on inflation in 2027 and a bit more in 2028. (See MNI: EC Autumn Inflation Forecast To Assume Mitigated ETS2)

The European Central Bank kept its three key interest rates unchanged earlier on Thursday, leaving the benchmark deposit rate at 2.0%.