ECB press conference: Lagarde speech live stream – March 12

Eren Sengezer FXStreet

Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference at 13:30 GMT. The ECB on Thursday has kept interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively.

However, the ECB announced that additional LTRO (TLTROs) will be conducted, temporarily, to provide immediate liquidity support to euro area financial system. "A temporary envelope of additional net asset purchases of €120 billion will be added until the end of the year, ensuring a strong contribution from private sector purchase programmes," the ECB added in its policy statement.

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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