Lagarde speech: We are still expecting positive growth rates
|European Central Bank (ECB) President Christine Lagarde delivers the Introductory speech on Day 2 of the ECB Forum on Central Banking in Sintra, Portugal. Her speech is titled ‘Price stability and policy transmission in the euro area.’
Also read: Lagarde speech: We need to act in a determined and sustained manner
Additional quotes
There are merits in separating policy tools again.
At the same time, inflation pressures are intensifying and broadening through the domestic economy.
Supply shocks hitting the economy could linger for longer.
These vulnerabilities are now contributing to the uneven transmission of the normalization of our policy across jurisdictions.
We will ensure that the orderly transmission of our policy stance throughout the euro area is preserved.
As Leonardo da Vinci said, "every obstacle yields to stern resolve".
We will address every obstacle that may pose a threat to our price stability mandate.
Market reaction
EUR/USD was last seen trading at 1.0581, almost unchanged on the day.
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