LAGARDE SPEECH: SOME MEMBERS PREFERRED TO PAUSE
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.
“A solid majority” supported the decision to hike interest rates, said Lagarde. She noted that some members preferred to pause.
Key takeaways
“Tightening continues to be transmitted strongly”.
“Credit dynamics have weakened, rates have risen”.
“A solid majority of ECB members agreed with the decision”.
“Some governors would have preferred to pause”.
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.
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