Lagarde speech: No tradeoff between price and financial stability
|Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions from the press following the Governing Council's decision to hike key rates by 50 basis points in March.
Key takeaways
"Given uncertainty, better to make a decision that we believe is robust."
"The board proposed no other option, the decision was adopted by a very large majority."
"3-4 didn't support the decision, dissenters wanted more time."
"No tradeoff between price and financial stability."
"We stand ready to provide new facilities if needed."
"Euro liquidity is perfectly addressed."
About ECB's press conference
Following the ECB´s monetary policy decisions, the ECB President delivers a prepared statement and responds to questions from the press on the policy outlook. 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.
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