Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the press following the Governing Council's decision to hike key rates by 25 basis points in September.

Key takeaways

“Inflation still seen as too high for too long.”

“Rates will remains at sufficiently restrictive levels for as long as necessary.”

“Economy likely to remain subdued in coming months”. 

“Services are weakening”.

“Economic momentum should pick up as real income rise”.

“The labor market is resilient”.

“Governments should roll back support measures.”

About ECB's press conference

Following the ECB´s monetary policy decisions, the ECB President delivers a prepared statement and responds to questions from the press on the policy outlook. 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