Lagarde speech: Ambitious, coordinated fiscal stance needed
Following the European Central Bank's (ECB) decision to leave its interest rates unchanged while announcing additional asset purchases of €120 billion until the end of the year alongside new TLTROs, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference.
Key quotes
"Euro area growth to regain traction over medium term."
"Forecast cut-off date pre-dates spread of coronavirus to euro area."
"Underlying inflation remains muted."
"Sharp decline in oil prices poses significant downside risk in inflation outlook."
"Ambitious, coordinated fiscal stance needed."
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.
