Lagarde speech: Now is not the time for forward guidance

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave the key interest rates unchanged in October and responds to questions from the press.

Key quotes

"Domestic price pressures remain strong."

"Most measures of longer-term inflation expectations currently stand at around 2%."

"Some inflation expectation indicators are elevated and need to be monitored closely."

"Risks to economic growth are skewed to the downside."

"We did not discuss remuneration of reserves."

"Now is not the time for forward guidance."

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.