Lagarde speech: Wage pressures have strengthened

Eren Sengezer FXStreet

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.

Key takeaways

"Underlying price pressures remain strong."

"Services inflation is driven by past energy increases."

"Wage pressures have strengthened."

"Most meansures of long term inflation expectations stand around 2%."

"These warrant continued monitoring in light of recent volatility."

"Risks to growth outlook tilted to downside."

About ECB's press conference

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.

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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