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Lagarde Speech: Future Interest Rate Decisions Will Depend On Data

Christine Lagarde, President of the European Central Bank (ECB), delivers his speech on the outlook for monetary policy and answers questions following the bank’s decision to raise official interest rates by 75 basis points after the monetary policy meeting in September.

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“The risks to growth are to the downside in the short term.”

“Power supply interruptions are a major risk.”

“Early signs of above-target inflation expectations warrant monitoring.”

“Wage growth remains contained.”

“Risks to inflation are tilted to the upside.”

“Future interest rate decisions will depend on the data.”

“Credit to companies has become more expensive.”

Source: Fx Street

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