Lagarde speech: Compliance of EU fiscal framework a condition of TPI
|Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions following the bank's decision to hike key rates by 50 basis points.
Key quotes
"Compliance of EU fiscal framework a condition of TPI."
"Absence of severe macro imbalances is condition for TPI."
"Third TPI condition: fiscal sustainability."
"Debt sustainabilty analysis to take into account ECB, ESM, IMFanalyses."
"Fourth TPI condition: Sound and sustainable macro policies in line with recovery and resilience funds."
About ECB's press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. Her comments may influence the volatility of EUR and determine a short-term positive or negative trend. Her hawkish view is considered as positive, or bullish for the EUR, whereas her dovish view is considered as negative, or bearish.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.