Lagarde speech: Can exercise creativity in short order if there is a liquidity crisis
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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.
“We have seen further slowdown in loan growth to households.”
“Impossible to determine what the rate path will be.”
“Banking sector is currently in a much stronger position than 2008.”
“We can exercise creativity in short order if there is a liquidity crisis but this is not what we are seeing.”
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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