Lagarde speech: Monitoring market tension closely

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

"We are monitoring market tension closely."

"Our policy toolkit is fully equipped to provide liquidity support."

"ECB forecasts were finalized in early March."

"Economy looks set to recover over coming quarters."

"Industrial production should pick up as supply conditions improve further."

"Labour market remains strong."

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.