Lagarde speech: Inflation risk has intensified

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 50 basis points.

Key quotes

"Energy costs should stabilise, bottlenecks ease."

"Wage growth has continued to increase gradually, including forward-looking indicator."

"Wage growth is still contained."

"Strengthening economy, catch-up effects should support faster wage growth."

"Inflation risk has intensified."

"Volume of lending remains strong but it's expected to decline."

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.