Christine Lagarde, President of the European Central Bank (ECB)delivers his speech on the outlook for monetary policy and answers questions from the press following the Governing Council’s decision to raise official interest rates by 25 basis points in September.
Asked how long the ECB will keep interest rates at these levels, Lagarde responded that they had not discussed what “long enough” means.
Featured Statements
“We have not talked about the PEPP program or the reinvestment networks.”
“We have not talked about direct sales of the APP.”
“We haven’t talked about how long we will keep rates at these levels.”
“I’m not saying we’re at maximum rates.“.
“The transmission from policy to financing conditions is faster than in previous cycles.”
About the ECB press conference
Following the ECB’s monetary policy decisions, the president of the institution makes a prepared statement and answers questions from the press about the outlook for monetary policy. His comments can influence the volatility of the euro and determine a positive or negative trend in the short term. His dovish stance is considered positive or bullish for the euro, while his dovish stance is considered negative or bearish.
Source: Fx Street
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