The president of the European Central Bank, Christine Lagarde, told EU leaders on Friday that the euro zone’s banking sector is resilient with strong capital and liquidity positions, Reuters reported, citing EU officials.
main statements
“Recent events have reminded us how important it has been to continually improve regulatory standards.”
“We have to make progress in completing the banking union, we also need to continue working to create truly European capital markets.”
“There is no choice between price stability and financial stability, the ECB has tools to deal with risks for both.”
“The ECB is determined to bring inflation back to 2%, it will decide on future rates based on the data that comes in.”
“The ECB is fully equipped to provide liquidity to the euro area financial system, if necessary.”
Market reaction
The EUR/USD pair did not immediately react to these comments and lost 0.8% on the day, trading at 1.0744.
Source: Fx Street
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