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- Lagarde speech: Bigger rate hike justified by materialization of inflation risk
Lagarde speech: Bigger rate hike justified by materialization of inflation risk
Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions following the bank's decision to hike key rates by 50 basis points.
Key quotes
"Decision was unanimous on TPI."
"Bigger rate hike justified by the materialization of inflation risk, among others."
"TPI, reinvestments also supported bigger hike."
"All members of governing council rallied to consensus of 50 bps hike."
"All members can be eligible for TPI."
About ECB's press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.
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