Lagarde speech: Risks to inflation outlook are more balanced

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 February.

Key takeaways

"Energy prices are lower than expected in December."

"Price pressures remain strong."

"While weakening, pent-up demand still driving up prices."

"Recent data on wage dynamics in line with ECB forecasts."

"Risks to growth are more balanced."

"Risks to inflation outlook are more balanced."

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.