Lagarde speech: Next rate hike not necessarily 75 bps

Eren Sengezer FXStreet

Christine Lagarde, President of the European Central Bank (ECB), is delivering her remarks on the policy outlook and responding to questions following the bank's decision to hike key rates by 75 basis points following the September policy meeting.

Key quotes

"Policy decision was unanimous."

"We had different views around the table."

"Inflation is spreading across a whole range of products, including in services."

"Today wasn't an isolated decision."

"Next rate hike will not necessarily be 75 bps, that's not the norm."

"Given inflation, determined action had to be taken."

"Where we are is not the neutral rate, it will take further hikes to neutral."

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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