Lagarde speech: Starting to see transmission of policy to economy

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 25 basis points in July.

Key takeaways

"Starting to see transmission of policy to economy."

"Wage increases are definitely playing a role in driving inflation."

"Not seeing signs of strengthening second round effects."

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.