Lagarde speech: We continue to stimulate the economy

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

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“The downside scenario for growth includes negative growth in 2023.”

“The downward scenario contemplates the rationing of gasoline.”

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“The downside scenario is really dark.”

“It is premature to look for other policy instruments (quantitative tightening).”

“We have started the normalization process.”

“We observe the depreciation of the euro.”

“We will resolve the issue of the TLTRO, other compensation.”

“We continue to stimulate the economy.”

Source: Fx Street

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