The ECB will continue to monitor the exchange rate

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Christine Lagarde, President of the European Central Bank (ECB), delivers her comments on the prospects for monetary policy at a press conference following the ECB’s decision to leave the policy configuration unchanged in June.

Key Comments:

“The underlying pressures on prices are moderate.”

Headline inflation remains below the target in the study horizon the central bank“.

“The financing conditions are generally stable.”

“Market rates have increased even more.”

Rates could toughen financing conditions“.

The ECB will continue to monitor the exchange rate“.

“Surveys point to a considerable improvement in the second quarter.”

“Surveys indicate a strong recovery in the services sector“.

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